ETF Sector Spotlight For 09/30/2021

Market Recap For September 30th, 2021

Thursday’s outlook was a bearish one, and although stocks tried to rally a couple of times, once again the bears took over.

It’s the same forecast as it has been for the previous two days: lower. However, will markets rally out of the gate again first?

Yesterday’s Sector Performance

All sectors ended in the red, but Communication Services held up best.

Industrials were hit the hardest, followed by Consumer Staples.

Five-Day Sector Performance

Energy still leads, but the past couple of days of dropped it back quite a bit.

Real Estate and Technology are leading the way lower.

ETF Trade Watch

Technology Select Sector SPDR (XLK)

Energy Select Sector SPDR (XLE)

Even though the market has edged lower, it certainly hasn’t gone down without a fight since Tuesday’s big drop.

If the bottom finally falls out, expect Technology’s XLK and Energy’s XLE to likely take some big hits.

Good luck!