Market Overview
Bulls finally took a breather last week, and despite hitting new all-time highs across the board, stocks finished lower. The Nasdaq was down the most, as it sold off 0.65%. The S&P 500 was down 0.31%, while the Dow Jones Industrial Average was down 0.15%. Crypto also saw some major liquidations, but attempted a comeback on Friday. A lot of the price action we're seeing can be construed as end-of-month and end-of-quarter rebalancing. Energy was the top-performing sector last week, which showed the near-term exhaustion in stocks. I don't expect it to last very long.
