More than 86 percent of the S&P 500 stocks are trading above their 50-day moving average. Some of those companies, however, have significantly broken out from their trading range.
The S&P 500 is up 19.3 percent since mid-November, breaching 1,600 for the first time. Since the low last November, these five S&P sectors are already in bull market territory.
The ECB rate cut and lower-than-expected jobless claims boosted stocks higher, with the FMHR team. Meanwhile Gemma Godfrey, Brooks Macdonald, says European exporters may feel the pain from lower rates, though it could boost the euro.