It was all about Technology (XLK) yesterday, as the Advanced Micro Devices (AMD)/OpenAI deal set the pace. Still, six of the eleven sectors were higher, including Utilities (XLU) and Energy (XLE), which fluctuated between gains and losses for most of the year.

Communication Services (XLC) eked out a gain, as bottom fishers descended on the sector, to trade up Trade Desk Inc. (TTD) and Omnicom Group (OMC).

Uber (UBER) led the Industrials (XLI), and Iron Mountain (IRM) prompted the Real Estate (XLRE) Sector.  Although Health Care (XLV) was lower, Archer-Daniels-Midland fetched a bid (symbol: ADM). I wonder if people were trying to buy AMD.

Real estate had the most constituents finish lower on the session.

Heat Map

The big names in the consumer cyclical sector enjoyed a solid session, with Tesla (TSLA) at the top ahead of today’s Elon Musk reveal.

Mondays Have Been Shaky

The overall breadth wasn't impressive, and investors felt more comfortable with large-caps across the board.

Today’s Session

Despite the outcry about this rally being overdone, the market has only just dipped back into the greed zone.

It's true we are on a different planet with the recent AI developments. These are not stock puppets, but that doesn’t mean the names can’t get overbought. The notion that the very thing that will help keep America the premier nation is the worst thing that will happen to investors is phony baloney from the crowd that missed the trade.

Additionally, there are other investment options available.

My main goal on the Hotline is to be positioned ahead of the street.  So, you know how thrilled I was this morning to see Goldman upgrade EMCOR Group, Inc. (EME) to “Neutral” from “Sell” after we've gained 41% since June.

The analyst had to raise his target on the stock by almost $200. This is as close as Wall Street firms come to admitting they were wrong.