A click on the nautical chart higher upwardly volition exhibit the S&P 500 Index (SPY) as well as 10 S&P 500 sectors, every bit they performed during the turn down from 9/2/08 - 10/27/08 (blue bars), as well as every bit they performed over the rally of the final 2 trading sessions (red bars).
Note how roughly of the sectors that had been beaten upwardly the worst--Materials (XLB), Energy (XLE), as well as Housing (XHB)--have bounced strongly during the final 2 trading sessions. Sectors that had held upwardly meliorate during the decline--Consumer Staples (XLP) as well as Health Care (XLV)--have bounced less over this recent rally.
Until I come across corporation show of follow through to this rally amongst corporation breadth as well as positive coin flows, I'm viewing the recent impressive rally every bit dominated past times brusk covering, which enables the beaten downwardly marketplace segments to outperform those to a greater extent than defensive sectors.
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