ETF Sector Spotlight For 09/20/2021
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Market Recap For September 20th, 2021
As stated in yesterday’s Spotlight., the market forecast was leaning more heavily in the bearish direction. Turns out, that was correct.
Markets dropped hard right out of the gate but did manage a decent end-of-day rally, one that could see some follow through today.
Yesterday’s Sector Performance
As is common on weak days in the market, Utilities and Real Estate held up best.
Energy took the biggest hits, followed by Discretionary and Financials.
Five-Day Sector Performance
Although still in the red, Healthcare is having the best week.
Materials are struggling the most, with several other sectors bunched up next.
ETF Trade Watch
Utilities Select Sector SPDR (XLU)
Healthcare Select Sector SPDR (XLV)
It’s hard to gauge which sectors to focus on when it’s a bit uncertain where the market may be headed. However, Utilities and Healthcare are performing well.
Traders could check out the XLV and the XLU to see where, if any, trading opportunities may or may not be.
Good luck!
