The market is making its first big rebound attempt after shaking off early jitters.  Investors are focused on a meeting of G7 Ministers and G7 Central Bankers on Tuesday.

There is a feeling there will be coordinated efforts to stem the economic tide of the coronavirus related decline. 

Its intriguing, however, that the biggest winners are defensive sectors with Utilities leading the way. With Utilities offering yields that are approaching three times that of the ten-year yield, demand for names in sector is a no-brainer.

It’s going to be a bumpy ride, so we don’t want to get too giddy or pessimistic. Let’s just focus on the economy momentum we had, and the fact it won’t go away completely no matter how deeply interrupted.