Industrials joined the record parade

XLI, the industrial sector SPDR, closed at an all-time high of 186.51 on Thursday — its second record close this month in a history that reaches back to 1999. Equal-weight RSP and small-cap IWM set records the same session, with SPY 0.2% off Wednesday’s record close.

Sector records are routine near index highs, so the interest here is breadth: financials led the record run last week, industrials confirmed this week, and the equal-weight index setting records alongside the cap-weighted one says the advance is not resting on a handful of names.