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Commentary Topic from greenfaucet

The Quant View: Market Burns Ahead

Like the large fire we had here in Santa Barbara last week, the market continues to burn ahead, oblivious to pockets of uncertainty and fueled by the winds of profits that can at times cause fearless investor behavior. I'm not saying this won't continue, but I am surprised that the leading sector last week was Financials, up a startling 18% for the week, despite what I thought were unpleasant results from a number of the bank stress tests.