Note that At-The-Close money moved back into small caps.
Among sectors, XLE still looks the weakest (due to weak oil prices) while Biotech attract good money and could breakout.
It was interesting but somewhat puzzling to see money moving back into utilities. Indeed, interest rates continued to crawl higher, which is not good for fixed income instruments.
Note below that the 10Y rates broke above their downtrend line, heading toward the resistance zone shown in Yellow.
The US/Yen rates differentials display a very similar pattern.
Note that Treasuries continue to be sold and that gold was heavily pushed down yesterday, erasing the previous days' bullishness.
Conclusions:
Nothing much has changed yesterday: markets are greatly influenced by rates expectation, which algos are trading rumors regarding the next Fed chairman and the outcome of the Tax reform plan.
The NK issues are forgotten for now.
