ETF Sector Spotlight For 12/31/2022
January 2, 2022
Share
Market Recap For December 31st, 2022
After Dow and S&P rallied to new highs, the major indices have taken a small breather, one that started at Thursday’s high.
A further pullback would not be too surprising, but unless support areas break, new highs are still expected.
Yesterday’s Sector Performance
Consumer Staples finished firmly in the green on Friday.
Communication Services lagged the most.
Five-Day Sector Performance
Real Estate ended up as the weekly leader.
The only sector to finish in the red last week was Communication Services.
ETF Trade Watch
Communication Services Select Sector SPDR (XLC)
Consumer Staples Select Sector SPDR (XLP)
Markets have been in rally mode, and if that continues this week, look for the Consumer Staples ETF, the XLP, to possibly benefit.
If stocks follow through on Friday’s decline, its sure looks as if the Communication Service XLC will fall further.
Good luck!
