ETF Sector Spotlight For 10/20/2021
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Market Recap For October 20th, 2021
Another day, another move higher for the overall market. The only major index in the red was the Nasdaq, while the Dow hit new all-time highs.
Markets are on a streak, and it’s always hard to call a streak’s end beforehand. For now, stocks keep heading higher, and appear to plan on continuing to do so.
Yesterday’s Sector Performance
Utilities, Real Estate and Healthcare all finished together at the top.
Technology stocks took a break, as did Communication Services.
Five-Day Sector Performance
Financials are now leading, followed by Technology, over the past week.
Consumer Staples are still at the bottom, although still in the green.
ETF Trade Watch
Financials Select Sector SPDR (XLF)
Healthcare Select Sector SPDR (XLV)
With markets hovering near all-time highs, it is hard to make the call on whether its pullback territory, or if stocks just plow higher.
If the result is to plow higher, Financials and Healthcare are the current leaders, so the XLV and XLF may be worth a look for bullish plays.
Good luck!
