B of A: “.. the $SPX achieved a new all-time high last week, but the A-D line, 5-day put/call ratio, the US high yield OAS, the Corporate BAA spread, and new 52-week highs did not confirm this new high on the SPX. These negative divergences are a tactical risk for US equities in… pic.twitter.com/INPH6sVApL

JPMORGAN ups $WMT to Overweight, $81 target ".. the stock adds a strong balance of defense and offense on both the top and bottom lines in a soft (to softening) consumer backdrop .. we believe estimates remain beatable while there is the potential for an uptick in the multiple…

When breaking S&P 500 into deciles (10 groups of 50 stocks each), only decile that’s posted gains QTD is first decline (largest stocks in index); not a perfect distribution, but QTD, smaller stocks = weaker returns; decile containing 50 smallest stocks -10.3% QTD @bespokeinvest pic.twitter.com/TfBM4GjB2b

Financials outperformed today while Utilities fell most; former is now beating latter YTD (albeit by a slim margin) … small caps underperformed with Russell 2000, Russell 2000 Growth, and Russell 2000 Value all falling by 1.1% (Russell 2000 now flat YTD) pic.twitter.com/d5MouBlbhJ