Stock Market Today: Few Spotlights 

May 29, 2021, 11:12 am EDT

Few Spotlights 

There were few spotlights in NVDA, CRM, ULTA +5% on the last trading day of May. Although all indexes were near record-high levels, leaderships are hard to find. 

S&P includes most of the strong sectors in financial (XLF), industrials (XLI), and energy (XLE). But many defensive industries slowly emerged as the new leaders like REIT (XLRE) and consumer staples (XLP). It means that institutional investors become more conservative. 

At the same time, retail traders hop into AMC for the excitement of roller-coaster rides, either making money or losing money. 

Technology may still have some stocks worth of attention. However, extra caution and attention are needed when all indexes are at the top. Recently, low volume on this rebound wave also indicates the lack of commitment for offensive stocks like AAPL or AMZN. 

The memorial holiday is coming. Wish all of you have a nice break, camping, hiking, picnicking, BBQing, etc.

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