After a slow start to the year, U.S. equities have surged to new record highs following President Trump’s inauguration. By Wednesday’s close, the SPDR S&P 500 ETF Trust (NYSEARCA: SPY) had gained over 4% for the week, bringing its year-to-date (YTD) return to an impressive 3.47%. This rally has been marked by unusually strong market breadth, with stocks from various sectors, including retail, communication services, and energy, showing positive momentum.
The current rally appears more balanced than in prior years when the so-called Magnificent Seven largely dominated market performance and breadth.
