ETF Sector Spotlight For 09/17/2021
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Market Recap For September 17th, 2021
In what ended up being a 5-day back and forth, back and forth, Friday brought the final flip when markets fell instead of rallying.
There is a case to be made for higher prices, but a larger case to be made for lower ones. Monday should answer the question, at least hopefully.
Yesterday’s Sector Performance
The only sector finding green on Friday was Healthcare.
Materials ended up having another rough day.
Five-Day Sector Performance
Energy gave back a bit on Friday, but still won the week overall.
Utilities and Materials finished neck and neck at the bottom of the week.
ETF Trade Watch
Utilities Select Sector SPDR (XLU)
Healthcare Select Sector SPDR (XLV)
Utilities have been falling off a cliff and as of Friday it sure doesn’t look like they’re done yet. The XLU could see more downside.
As markets have grinded their way lower, Healthcare has held its ground, and can be seen by the XLV. The ETF may rally nicely if the market does.
Good luck!
