ETF Sector Spotlight For 08/12/2021
Market Recap For August 12th, 2021
Breaking News: Markets moved higher yesterday. No one saw it coming, and traders and investors are scrambling to figure out how it snuck under the radar.
Seriously, though, what else is there to say about the current state of the market. It will apparently move higher no matter what, and that’s not usually a bullish sign.
Yesterday’s Sector Performance
Financials, Materials and Industrials dropped back a bit, as Healthcare led the way.
Energy fell back more than others.
Five-Day Sector Performance
Financials and Materials are essentially co-leaders over the past week.
Real Estate sits at the bottom.
ETF Trade Watch
Materials Select Sector SPDR (XLB)
Financials Select Sector SPDR (XLF)
Materials and Financials still lead. However, all great runs get pull back and get corrected, at some point.
However, those pullbacks and corrections often provide more ideal entry points for ETFs such as the XLB and XLF.