ETF Sector Spotlight For 11/23/2021
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Market Recap For November 23rd, 2021
Monday’s close was less than thrilling, to say the least, which implied lower prices might follow on Tuesday, and they did.
After the decline that started the day, the major indices attempted to rebound. Their respective closes were not overly bullish, but they were constructive.
Yesterday’s Sector Performance
Energy and Financials tag teamed the market, once again.
Communication Services, Consumer Discretionary and Technology could not manage to get into the green.
Five-Day Sector Performance
Consumer Discretionary has now reduced its lead to less than ½ of a percent.
Communication Services are the deepest in the red, but a rally could change that.
ETF Trade Watch
Energy Select Sector SPDR (XLE)
Financial Select Sector SPDR (XLF)
Market leadership may have changed once again, this time back to the combo of Energy and Financials.
The market seems as if it may be trying to muster up another run to highs, and if so, the XLF and XLE may lead the ETF charge.
Good luck!
