ETF Sector Spotlight For 11/01/2021
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Market Recap For November 1st, 2021
Right on cue, markets started the week higher. The Dow managed to test 36K for the first time, while the Russell broke key resistance.
Although it’s difficult not to be at least a little concerned of an impending pullback, the path of least resistance is still clearly up.
Yesterday’s Sector Performance
Energy made its way back to the top of the market.
Communication Services struggled again.
Five-Day Sector Performance
Consumer Discretionary is still leading over the past week.
Financials are together with Energy at the bottom, but that is likely to change soon.
ETF Trade Watch
VanEck Vectors Semiconductor ETF (SMH)
SPDR S&P Regional Banking ETF (KRE)
The SMH semiconductor ETF hit a new all-time high yesterday, and that could be a sign of things to come in the sector.
Likewise, the KRE regional banking ETF made a strong turn higher and seems like it plans on hitting new highs as well.
Good luck!
