Going into tomorrow's Fed announcement, we've seen meaning changes inwards sector themes. Many of the sectors that were nigh beaten downwardly during the market's selloff are forthwith performing well. Interestingly, this has occurred at the same fourth dimension that Treasuries--which had been strong during the selloff amongst the flying to quality--have sold off. It appears that nosotros accept been making a gradual shift toward risk-taking amidst stocks. This has helped the consumer discretionary, financial, together with technology scientific discipline stocks inwards particular.
Below are the 8 S&P 500 sectors that I rails closely, along amongst their Technical Strength reading (a mensurate of short-to-intermediate term trending) together with the per centum of stocks inside the sector trading inwards a higher house their 50-day moving averages:
Materials (XLB): -60 (54%)
Industrials (XLI): +140 (77%)
Consumer Discretionary (XLY): +360 (70%)
Consumer Staples (XLP): -120 (59%)
Energy (XLE): +240 (81%)
Health Care (XLV): -200 (51%)
Financial (XLF): +220 (65%)
Technology (XLK): +260 (70%)
Some of the sectors that had been strongest during the marketplace weakness (Consumer Staples, Materials) accept been weak of late. Consumer Discretionary shares, which had suffered amongst recession fears, accept bounced dorsum dramatically.
I volition endure watching to reckon how the Fed coming together affects these potentially of import thematic shifts.
RELEVANT POST:
Sector Money Flows
.
No comments:
Post a Comment