Sector Winners and Losers week ending 3/12
It was a wild week for the sectors as investors rotated in and out of Technology and Communications stocks. All sectors ended the week with gains.
Consumer Discretionary (XLY) was the big winner. Large stimulus checks will be delivered soon that are expected to be poured into the economy via consumer spending on both needs and wants.
Technology (XLK) and Communications (XLC) spent Monday at the bottom of the sector list, Tuesday at the top, Wednesday at the bottom, Thursday at the top, and Friday at the bottom. In the end, the two sectors landed just behind the SPX in performance, but did have gains for the day.
Financials (XLF) was also one to watch. It flipped back and forth as investors followed closely what was happening in the bond markets. The increase in yields could be a boon for Financials. The increased yields would have the opposite impact on big technology and communications companies and smaller growth companies. As yields went back and forth, so did the performance of these sectors.
Energy (XLE) ended the week as the worst sector. Although it had a big gain on Wednesday, it wasn't enough to cover the losses on Monday and Tuesday.
Utilities (XLU) and Real Estate (XLRE) did not have any big days, but were on a steady rise throughout the week. They ended the week in 2nd and 3rd place on the list. The two sectors are often used as defensive plays.
Consumer Discretionary (XLY) was the big winner. Large stimulus checks will be delivered soon that are expected to be poured into the economy via consumer spending on both needs and wants.
Technology (XLK) and Communications (XLC) spent Monday at the bottom of the sector list, Tuesday at the top, Wednesday at the bottom, Thursday at the top, and Friday at the bottom. In the end, the two sectors landed just behind the SPX in performance, but did have gains for the day.
Financials (XLF) was also one to watch. It flipped back and forth as investors followed closely what was happening in the bond markets. The increase in yields could be a boon for Financials. The increased yields would have the opposite impact on big technology and communications companies and smaller growth companies. As yields went back and forth, so did the performance of these sectors.
Energy (XLE) ended the week as the worst sector. Although it had a big gain on Wednesday, it wasn't enough to cover the losses on Monday and Tuesday.
Utilities (XLU) and Real Estate (XLRE) did not have any big days, but were on a steady rise throughout the week. They ended the week in 2nd and 3rd place on the list. The two sectors are often used as defensive plays.
Website: drewby.com
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
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