S&P 500 withstood the initial selling even if bonds didn‘t favor that at all, and real assets weren‘t taking the wobbling USD cue. Monday‘s strong rotations quickly overcame the 4,330 level in Jun futures, all powered by the three top sectors (tech, communications, discretionaries) that were joined by industrials, materials, retail, transportation and smallcaps to varying degrees. But the improvements in market breadth weren‘t unequivocally strong as I‘m not sure how longer (in terms of weeks) the former sectors coming back to life can support the 500-strong index once tech FOMO runs out of st…

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