Info!! Sector Update For August 30Th

After rallying from the mid-July lows too and then pulling back, stocks made a bid for novel highs, amongst the S&P 500 emini futures turned dorsum from the 1300 expanse on Friday. Here is how the 8 S&P sectors that I runway are faring inwards their Technical Strength (a quantitative mensurate of trending) too inwards the pct of their shares trading inwards a higher house their 50-day moving averages (in parentheses):

MATERIALS: +240 (45%)

INDUSTRIAL: +140 (53%)

CONSUMER DISCRETIONARY: +220 (67%)

CONSUMER STAPLES: +140 (56%)

ENERGY: -60 (10%)

HEALTH CARE: -140 (69%)

FINANCIAL: +320 (58%)

TECHNOLOGY: -80 (54%)

If nosotros compare these numbers amongst those from the concluding sector update, nosotros tin meet that Financial issues accept strengthened, spell around of the sectors that had been stronger early on inwards the bounce--Technology, Health Care, too Consumer Staples--have weakened. Once again, this appears to endure a pic of sector rotation, rather than a concerted menstruum of funds into or out of large cap U.S. equities.
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