New All Time Highs, Again US equities rallied this week. Value outperformed growth. Energy put in the best performance as oil gained for a fifth straight week. Financials outperformed as banks bounced with some help from a shift in focus to favorable capital return dynamics. Industrials rallied with upside leadership from machinery, equipment rental and building…

The S&P, Nasdaq and Russell were all higher this week while the Dow ended lower. Growth outperformed value and with mixed sectors. REITs put in the best performance with some help from M&A. Healthcare rallied with upside leadership from biotech and pharma. BIIB +38.6% was a big gainer following the controversial FDA approval…

US equities were higher for the week, seeing gains from much of the FANMAG complex and small-caps logging a solid weekly performance. Treasuries were firmer with some curve steepening. The dollar was down on the euro and sterling crosses, but notably better vs the yen. Gold was higher for the fourth consecutive week, rising 1.5%. Oil broke a…