Health care and real estate lead sectors in weekly gains, financials lag
S&P futures vs fair value: +6.50. Nasdaq futures vs fair value: +20.30. The S&P 500 futures trade seven points, or 0.2%, above fair value.Reviewing the sector performances this week shows health care (+2.7%), real estate (+2.6%), and consumer discretionary (+1.1%) up the most, with the latter propped up by a 4.5% weekly gain in Amazon.com (AMZN 3354.42, +4.77, +0.1%). On the downside, the financials (-3.0%), materials (-2.4%), and industrials (-1.9%) sectors are down sharply this week. The financials sector has been pressured by some curve-flattening activity. The 2s-10s spread has narrowed by ten basis points this week, excluding today's moves.