Investors ended the week on an extremely positive note, as some major market indexes closed at multiyear highs. The Dow Jones Industrials
Bonds, on the other hand, finished broadly lower in price, pushing yields higher. The 10-year Treasury yield
In general, the Dow acted as a microcosm for the entire stock market. Economically sensitive stocks rose, while many defensive stocks didn't do nearly as well.
For instance, Alcoa
Meanwhile, a renewed bull market seems to have investors moving out of safer stocks. Procter & Gamble was the big decliner for the Dow today, but looking beyond P&G, you'll also find Johnson & Johnson and Wal-Mart posting minimal gains. These stocks may provide some protection in down markets, but the tradeoff is that they often miss out on big bull moves like the ones we've seen today.
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Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter here. The Motley Fool owns shares of Wal-Mart, JPMorgan Chase, and Johnson & Johnson. Motley Fool newsletter services have recommended buying shares of Wal-Mart, Johnson & Johnson, and Procter & Gamble, as well as creating diagonal call positions in Wal-Mart and Johnson & Johnson. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.