Stocks Hit New Highs in Typically Weak Months
• Stocks at record highs, with Dow, Nasdaq, and S&P 500 hitting new peaks • In historically weaker months for stocks; election years often see weakness • Divergences emerging between industrials and transports, megacaps and broad market • Healthcare, financials, industrials breaking to recent highs after consolidation periods • Opportunities for underrepresented sectors if rotation occurs from extended megacaps