Sector Spotlight: Housing Market Slows
August 18, 2022
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Market Recap For August 18th, 2022
Wednesday’s market move was somewhat inconclusive, and Thursday’s was even less helpful. With what little tea leaves there were, signs tilt bearish.
But, it is important to keep in mind that the picture one degree out still points towards higher, at least for now.
Yesterday’s Sector Performance
Once again, Energy stocks led the market.
Real Estate ended up deepest in the red.
Five-Day Sector Performance
Consumer Staples are back on top of the market, with Financials falling back.
Healthcare and Communication Services are still bringing up the rear.
ETF Trade Watch
Real Estate Select Sector SPDR (XLRE)
Energy Select Sector SPDR (XLE)
Real Estate appears to be weakening, at least as of late, which means bearish plays on the XLRE may be worth a look.
Oil has seemed to come back to life, and if its current rally can manage to keep it going, the XLE may be seeing additional rally highs.
