ETF Sector Spotlight For 12/20/2021
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Market Recap For December 20th, 2021
As stated in yesterday’s Spotlight, the Dow and S&P looked like they wanted to keep falling, and apparently, they did.
Although still a day that finished in the red, a couple of the major indices ended with a somewhat constructive close. Possible short-term rally coming?
Yesterday’s Sector Performance
Consumer Staples and Utilities just managed to notch some green.
Materials and Financials closed at the bottom.
Five-Day Sector Performance
Healthcare is still the weekly leader, and the only sector meaningfully in the green.
Several sectors are deep in the red, led by Technology.
ETF Trade Watch
Technology Select Sector SPDR (XLK)
Consumer Discretionary Select Sector SPDR (XLY)
Rallies have been tough to get, or hold, in recent weeks and months, but if one takes hold the weaker sectors could bounce nicely.
Over the past week or more, the weakest sectors have been Technology and Discretionary, which means the XLK and XLY could be worth a watch.
Good luck!
