Daily Wrap – The S&P Set A Record Today; Not A Good One

Tech stocks, and virtually Tech stocks alone, led the market amid horrendous breadth, even in the leading Technology sector. Some late day selling pulled the averages off their best levels. Once again, the Nasdaq-100 outperformed, while the growth sensitive Small Caps, Mid Caps and Transports were ugly. The S&P 500 achieved two historic milestones today:…