Daily Wrap – Mega Caps and Semis Run the Show, and Little Else. Gold Sets a New Record High.

This heatmap of the S&P mostly encapsulates the day… There’s a lot of green, but that’s all the heavily weighted large and mega cap stocks. More stocks in the S&P closed lower than higher…In fact only 159 S&P-500 components closed higher. The heatmap reflects enthusiasm over the week’s heavy calendar of mega-cap earrings. There’s also…