Sector Spotlight: CPI Report Drops And FOMC Looms
Share
Market Recap For December 13th, 2022
Well, the question of a possible market rug pull was answered emphatically once the morning’s CPI numbers were released. No dice.
Instead, stocks skyrocketed right out of the gate. Shortly thereafter, the drift lower began, and most gains were lost in what ended up looking like a bearish day.
Yesterday’s Sector Performance
Somewhat of a surprise, Real Estate won the day on Tuesday.
Staples lagged once again.
Five-Day Sector Performance
Technology is leading the week, with Real Estate right behind it.
Discretionary is bringing up the rear, with Staples closing in.
ETF Trade Watch
Real Estate Select Sector SPDR (XLRE)
Technology Select Sector SPDR (XLK)
Yesterday did not leave a bullish tone by the close, but if markets can rebound, Real Estate and Technology are the current leaders.
The XLK and XLRE are two of the top ETFs to look at, but they didn’t end up with much of a bullish look either.
Good luck!
