Oil, Energy, and broad commodity indices continue to trounce the field on the best performers list while other raw commodity plays like Steel Producers also perform well. Despite a weak showing for European banks, the KRE (US regional banks) and KBE (US banks) both rallied significantly versus a weak ago. Dollar, bond, and yield play bulls have all gotten pounded over the past week as REITs, long-term Treasuries, and the USD have all gotten pounded. Utilities are by far the weakest sector within the S&P 500 and we note that high momentum stocks have also underperformed over the past week.
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