Tuesday, March 29, 2011

Data shrugged off

The major averages were up again today, despite the weak economic data released this morning. My best sector was biotech, with several of my holdings in that area outperforming the averages. Excitement over upcoming conferences is probably at least part of the catalyst for that move. I'm less impressed with the financials, which continue to struggle on a relative basis. Over the next few days I'll be examining whether I need to make any portfolio adjustments prior to Friday's key monthly employment report.