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To err is human - but it feels divine." - Mae West
Another week, another all-time high for the S&P 500 as third quarter earnings season winds down. The 10 Year treasury yield had its biggest weekly gain in a month and wound up the week hovering just above 1.9%, its highest level since late July. The boost in yields this week boosted cyclical sectors like energy and financials while hurting high dividend payers like Utilities and REITs.
For the week, the Dow rose just over one percent while the S&P 500 rose .9%.