Current price action fits that pattern: new highs, limited volatility and an incremental shift from pure mega-cap tech into cyclicals. Market breadth is still narrower than ideal for an index at ...

Trading may be quiet on Christmas Eve, but that hasn't stopped the S&P 500 from notching another milestone. The index inched up 0.2%, good enough to hit a new intraday high of just over 6,921 points.