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Michael Ashbaugh

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Sept. 20, 2018, 11:52 a.m. EDT

Charting a break to ‘clear skies’ territory: S&P 500, Dow industrials tag record highs

Focus: Financials break out as 10-year yield takes flight, TNX, XLF, CAT, PRU, PCRX, OKTA

By Michael Ashbaugh, MarketWatch

The U.S. benchmarks’ bigger-picture technical backdrop continues to strengthen early Thursday, as potentially consequential breakouts are currently underway.

Consider that the S&P 500 and Dow industrials have concurrently tagged all-time highs, and the breaks to uncharted territory open the path to potentially meaningful longer-term follow-through.

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