Weekly Wrap: Is The Best Of This Business Cycle Behind Us?

The week started off optimistically on Monday as the markets enjoyed a late-day rally, paring earlier losses as the S&P 500 managed to close slightly in the black. The energy sector was the winner of the day, while technology was the weakest, dragged down by the semiconductors, Apple and Apple suppliers.

Perhaps Tim Cook ought to send Wonder Woman Gal Gadota basket of muffins at the very least for her attempt to help the company this week, inadvertent as it may have been. The Energy Select Sector SPDR ( XLE) has broken out of the $66-$69 trading range that had persisted since early February, closing at just shy of $75 by Thursday’s close.