ETF Sector Spotlight For 04/01/2022
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Market Recap For April 1st, 2022
Thursday’s decline was the deepest one since the current rally started back in early March. Friday’s initial follow through was no surprise.
The end of week dip didn’t last too long, with all major indices appearing to be set to resume their rallies this week.
Yesterday’s Sector Performance
Real Estate continues to be stronger than most.
Industrials, Financials and Technology finished the day in the red.
Five-Day Sector Performance
No real surprise, Real Estate and Utilities had performed well all week.
Financials brought up the rear, which is also not much of a surprise.
ETF Trade Watch
Financials Select Sector SPDR (XLF)
Real Estate Select Sector SPDR (XLRE)
As long as the market does head higher, it would seem the real estate driven XLRE plans to outperform it.
Financials had a rough week, but the XLF looks like it is simply moving with the market. So, if the market turns higher, expect the XLF to possibly do the same.
Good luck!
