ETF Sector Spotlight For 06/06/2022
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Market Recap For June 6th, 2022
Monday was a relatively boring day in the market, without much conviction in a move either way. The major indices finished basically flat.
That being said, markets darted higher out of the gate, and the inability to hold those gains cannot be perceived as bullish for the market.
Yesterday’s Sector Performance
Consumer Discretionary, again, was at the top of the market.
Real Estate fell to the bottom, while Energy took a break.
Five-Day Sector Performance
Energy and Discretionary are still on top of the market over the past trading week.
Healthcare is still having its struggles.
ETF Trade Watch
Consumer Discretionary Select Sector SPDR (XLY)
Healthcare Select Sector SPDR (XLV)
If markets are simply taking a breather to consolidate gains before headed higher, be ready for the XLY to run more.
Whether up or down, Healthcare stocks have struggled. So, bearish plays on the XLV could be worth a look.
Good luck!
