Heading into earnings season, the broad equity market is still subject to selling pressure from rising Treasury yields. However, investors aren’t completely without options as there is meaningful relative strength in some quarters of the market. In today’s report, we’ll examine the market segments which are especially vulnerable to negative earnings surprises, as well as the areas of relative strength in the energy and utility sectors.
Observers witnessed an indecisive stock market on Tuesday, as investors continued to worry about rising interest rates, emerging market weakness, and the potential impacts of Hurricane Michael in Florida.