Variable clouds with scattered thunderstorms. Gusty winds and small hail are possible. High near 80F. Winds light and variable. Chance of rain 60%..
Tonight
A stray shower or thunderstorm is possible early. Mostly cloudy skies early, then partly cloudy after midnight. Low near 60F. Winds light and variable.
The recent market rally has been led by a resurgence in large-cap NASDAQ stocks. This leadership has become overly extended, as evidenced by the rising divergence between their relative performance and the 10-year Treasury yield. A detailed factor and sector performance analysis reveals an underlying trend in favor of cyclical exposure.