The Globe and Mail reports in its Tuesday edition that the bull market remains intact. The Globe's Jennifer Dowty writes that in May, the S&P/TSX Composite Index extended its rally and closed out the month at a record high. The index is now less than 1 per cent away from hitting 35,000. Last month, 61 per cent of stocks in the TSX Composite Index delivered positive price returns. Year-to-date, that figure climbs to 72 per cent. CIBC's chief market technician Sid Mokhtari's recommendations have consistently outperformed the broader index across a wide range of market conditions. The utilities sector is now at the top of his rankings and represents the portfolio's largest sector weighting. The portfolio holds three utilities stocks: Brookfield Infrastructure, Brookfield Renewable and Capital Power. In technology, Celestica and Constellation Software made the list. In materials, Capstone Copper and Lundin Mining were added. In consumer discretionary, Linamar replaced Restaurant Brands International. In the industrials sector, TFI International was selected. Mr. Mokhtari said, "Over all, we remain cautiously constructive on risk assets and continue to retain an upside bias for equities through early to midsummer."