BUZZ-U.S. stocks weekly: Thaw arriving

Fri Mar 4, 2016 4:13pm EST
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** Stocks spring higher for a third straight week as a willingness to assume risk re-emerges

** BofA-ML fund flow data shows record inflows into HY bond funds, while risk-on action since Feb low coming with cyclicals outperforming more defensive sectors

** S&P 500 index adds 2.6 pct with all 10 sectors in the green

** Value asserting itself vs growth; energy up 6 pct, financials up 5 pct, and basic materials up 3 pct; healthcare lags, up just 0.2 pct

** Energy dominates winners circle as E&P names stage a comeback, and BofA-ML data shows clients bought the sector ; Chesapeake Energy nearly doubles

** Buds in financials; group's short-term momentum rising, while sector trades at discount to SPX ; Legg Mason up 13 pct

** Materials up again; steel stocks on a roll after anti-dumping probe ruling, and iron ore prices scale fresh 4-mth highs ; Freeport McMoRan adds 31 pct

** Info tech rallies 3 pct as Apple reclaims the $100.00 psychological level ; meanwhile, SunEdison woes refuse to melt away

** Healthcare struggles to keep pace with market's new found optimism; Valeant SEC probe, and Horizon Pharma subpoena weighs on sentiment; Mallinckrodt off 10 pct, and Endo Intl SPX biggest loser, down 20 pct   Continued...