I wrote last week that we were beginning to see selectivity creep back into the marketplace following a period of indiscriminate buying and that trend has continued over the past five days.
Major market exchange traded funds finished the trading week mostly lower; however, healthcare and technology significantly outperformed financials. The best-performing basket was energy, which bucked the broader market trend following an unprecedented negative print on the expiring May West Texas Intermediate crude futures contract Monday.
While many individual energy stocks mounted impressive rallies into the weekend, energy continues to score poorly in our