Defensive Sectors and NASDAQ Are Leading The Market Higher

NASDAQ Is The Best Performing U.S. Index Before the COVID-19 induced market collapse, most major U.S. indices were making all-time highs (see Figure 1). Dow Jones Transportation Average (DJT) and S&P 500 Small Caps were two indices that reached the respective highs they made in October 2018. The February-March saw all indices sharply reach multi-year…