The market was lower yesterday in light trading, yet 141 stocks still hit new highs on the New York Stock Exchange. Only 13 hit new lows. After nine straight up days and seven record closes on the Dow, we were reminded that the market can in fact move lower. However, no one is panicking.

With that being said, there is some anxiety about the next catalyst for the indices. What sector will pull the train out of the station?

Perhaps it will be the financials, which set the pace in the first quarter of the year. The group has been on a stealthy tear, with the Financial Select Sector SPDR ETF (XLF) closing yesterday at its highest point of the year. It’s building steam as big names such as Goldman Sachs (GS) gain traction.

I also continue to be impressed with and bullish on the industrials, as I think they’re much more representative of America’s heartland. They must be the foundation for prosperity, which is widely shared rather than enjoyed largely by the elite when their banks and technology stocks are the only things rocking.

The Industrial Select Sector SPDR ETF (XLI) closed at an all-time high yesterday even as its biggest weight, General Electric (GE), remained a laggard.

These companies are good proxies for the global economy, which only continues to improve. Yesterday morning, Caterpillar (CAT), the leading construction equipment maker in the world, released its machine orders for August, which reflect amazing growth in Asia Pacific, momentum in Europe and the Middle East and steady improvement in Latin America.

In the end, I’m excited about what’s bubbling beneath the surface right now. I also like the recent execution out of the White House, which has lifted President Trump’s approval rating.

Everything is coming together, and we’re standing by ready to pounce. We’ve been quick to lock in some profits recently, and as soon as the opportunity to put that cash back to work presents itself, I’ll be in touch.