Today was a relatively uneventful day, that saw some morning upside turn slightly negative with the S&P 500 (SPX) finishing down 0.12%. The offensive sectors led today, with Energy and Info. Tech. both gaining over 1%. Much of the boost to Info. Tech. came from the semiconductor group which was up over 3%. The defensive sectors were the hardest hit, Utilities and Real Estate were both down around 2% and Consumer Staples fell over 1.3%. The bottom line is that markets will be awaiting headlines regarding both the Fed and China Trade Talks. Until then, we will keep you updated on any significant economic data changes.
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