The continue rally in the stock market is showing signs that it will take a breather soon. The Treasury market is testing a key level, so that could determine whether any near-term pullback in stocks becomes something more than just a “breather” or not.
As much as some investors want to talk about how the mega-cap tech sector won’t be as important as it has been in the past for the broad stock market, they’re acting in a way that shows that this part of the market is still incredibly important.

