Sector Spotlight: Investors Await Fed’s Remarks
Market Recap For September 19th, 2022
Monday’s Spotlight forecast a bullish start to the week, and after the initial opening decline, all major indices moved into the green.
Yesterday’s confirmation that a rally had begun on Friday should lead to even higher prices today, and likely into tomorrow AM.
Yesterday’s Sector Performance
Materials had been struggling, but yesterday brought a nice rebound to the sector.
Healthcare, which had been performing well, fell to the bottom of the heap.
Five-Day Sector Performance
The defensive sectors of Staples, Utilities and Healthcare are on top of the market.
Real Estate has fallen to the bottom of the week.
ETF Trade Watch
Industrials Select Sector SPDR (XLI)
Materials Select Sector SPDR (XLB)
If yesterday’s start to the week means anything, then Industrials and Materials should perform well for as long as this rally holds.
The two most obvious ETFs for bullish traders to look at for possible trades might be the XLI and XLB.