ETF Sector Spotlight For 10/25/2021
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Market Recap For October 25th, 2021
Friday’s weakness was obviously just a blip, as all major indices moved higher, and the S&P and Dow both hit new highs again.
The rally is intact, regardless of how stretched it seems. Markets are likely closer to a pullback than they are to the beginning of the rally.
Yesterday’s Sector Performance
Consumer Discretionary stocks moved back to the top of the heap.
Utilities weakened, finishing at the bottom, and marginally in the red.
Five-Day Sector Performance
Real Estate dropped back a bit, replaced by Healthcare.
Communication Services is the only sector in the red.
ETF Trade Watch
Healthcare Select Sector SPDR (XLV)
Consumer Discretionary Select Sector SPDR (XLY)
Healthcare continues to make its way higher, following along with the market’s overall rally. As long as they both continue, so should the XLV.
The XLY popped straight up in the air yesterday, which makes it hard to want to get long at these prices. However, an eventual pullback could provide better entries.
Good luck!
