1.Sector ETF Changes Since 2/19 Highs.

Bespoke

This morning, we highlighted the recent performance of sector ETFs noting how Health Care has led the way higher rising the furthest above its 50-DMA.  Consumer Discretionary (XLY), Technology (XLK), Materials (XLB), Communication Services (XLC), and Consumer Staples (XLP) each had also risen above their 50-DMAs.  Given their outperformance, as shown in the table below, headed into today these were the sectors closest to their levels on the S&P 500’s last all time high on February 19th.  The Health Care ETF (XLV) actually headed into today less than 2% away from its 2/19 levels and XLP was also under 10% away.

https://www.bespokepremium.com/interactive/posts/think-big-blog/outperformers-underperform

1.USO FACTS..Remember Yesterday Top 10 had this Product Taking in Record Inflows.

USO-most investors do not know what they are buying.

From Cullen Roche on Twitter

https://twitter.com/humenm/status/1252851685656891392/photo/1

1.Record Oil Collapse…USO ETF See Record Inflows.

USO-Record $552m inflows on Friday….$1.6B for the week

www.stockcharts.com

1.FEDs Balance Sheet

1.Market Cap of 5 Largest Companies Equals Record 19% of S&P

Bloggers note we now have New highs for concentration at the top as measured by the market cap of 5 largest S&P companies as a % of S&P500 (as per yesterday)

From Dave Lutz at Jones Trading