SPX Rally Narrows: Earnings, Jobs Report & Fed Add Tests to Bull Run This Week

The rally in stocks is getting narrower, says Kevin Hincks, pointing out the S&P 500's (SPX) recent move higher despite 9 of 11 sectors being lower at times. It comes as the index sees overbought technical metrics. As markets run higher on strong earnings, Kevin has his eyes on reports this week like Broadcom (AVGO) and Lululemon (LULU) that will add more color to the picture in multiple industries. Also watch the May jobs report set to hit the tape Friday, as it can shake the narrative for the Fed and interest rates.

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