ETF Sector Spotlight For 09/09/2021
Market Recap For September 9th, 2021
The market started Thursday off in rally mode, looking like it was headed back towards a new high, but that rally was squashed by day’s end.
Yesterday’s close did not look good for the bulls. As easy as it is to assume the market will just bounce back again, at some point it won’t.
Yesterday’s Sector Performance
Financials finished slightly in the green, and on top of the market.
Real Estate did not have a great day, nor did Healthcare.
Five-Day Sector Performance
Energy and Consumer Discretionary are now the only sectors still in the green.
In addition to the daily, Real Estate is also at the bottom of the weekly.
ETF Trade Watch
Healthcare Select Sector SPDR (XLV)
Real Estate Select Sector SPDR (XLRE)
The price action of yesterday’s trading looks like it has bearish implications, and right now the weakest sectors are Real Estate and Healthcare.
If stock do follow through to the downside, and the sector preference holds to form, the XLV and XLRE could be the best bets for bearish plays.