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May 06 2021

Additional Factors

  • May 6, 2021

The rank-and-file rally we’ve seen since August took a break as the five Tech Titans (22% of the cap weight) regained their footing and contributed 40% of the month’s return. Is it a coincidence the ten-year Treasury yield had its first significant monthly decline since July? Most certainly not.


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About The Author

Phil Segner / Research Analyst