Sector rotation analysis from Austin Wealth Management indicates utilities have underperformed by 3% YTD, while financials are gaining traction. They forecast bank earnings will beat consensus as net interest margins widen. Speculative risk is rising : As a topper, recent deal-making “smacks of speculation and vendor-financing strategies of old,” the report said. Mercer Global Advisors (Mercer Advisors) has acquired Lewis Wealth Management, a Denver, Colorado-based RIA. Fixed income specialists at Austin Wealth Management foresee bond yields stabilizing, which could keep equity valuations elevated through mid-year earnings reporting season.