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Tables Turn as Techs Lead and Defensive Sectors Lag

After months of leadership from the three defensive sectors, the tables turned over the last seven days as the Technology SPDR (XLK) started leading the market. Notice that the Healthcare SPDR (XLV) and Consumer Staples SPDR (XLP) are actually down since 22-April, while the Utilities SPDR (XLU) is up less than the S&P 500.

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