ETF Sector Spotlight For 12/09/2021
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Market Recap For December 9th, 2021
Pullbacks are to be expected, as pointed out in the recent Spotlights. With the S&P hitting the important 4700 area, a decline started yesterday.
The decline does not appear to be over, and if it is not, it’s hard to say if it’s simply a pullback or something bigger. For now, it is likely a normal pullback.
Yesterday’s Sector Performance
Healthcare and Consumer Staples were the only sectors in the green.
Consumer Discretionary took the biggest hits.
Five-Day Sector Performance
Healthcare also leads the weekly.
Consumer Discretionary is at the bottom of the week, although still in the green.
ETF Trade Watch
Healthcare Select Sector SPDR (XLV)
Consumer Staples Select Sector SPDR (XLP)
Healthcare continues to outperform, and as it does the XLV inches closer and closer to its recent highs.
Right behind Healthcare is Consumer Staples, and that sector has taken the XLP to the brink of a breakout.
Good luck!
