Daily Wrap

A day after USD/JPY traded below its trend line, the major indices snapped four-session winning streaks. NASDAQ and the three sectors that are home to the mega-caps still displayed relative strength. Weakness was found primarily in value-oriented and cyclical sectors like financials, real estate, energy, and industrials. JPMorgan Chase (JPM -1.6%), Citigroup (C -4.8%), and Johnson & Johnson (JNJ…