S&P 500’s ‘bull trend’ strengthens amid election-fueled sector rotation

Technically speaking, the U.S. stock markets’ backdrop continues to strengthen amid the election-fueled cross currents. Consider that Dow Jones Industrial Average has notched three straight all-time closing highs — punctuating a six-session 1,050-point spike — while the S&P 500 remains within striking distance of uncharted territory.