Looking at the US sectoral trend for year to date, XLE i.e. S&P energy ETF has outperformed SPX by 4% and is best sector.
The other two sectors giving +ive returns were Technology (XLK) and Industrials (XLI).
The snow effect is visible in Cons Staples and Cons Disc sectors as they were under performer by 4% and 2%.
The Utilities has been down for quiet some time. Financials which were leading are now performing in line.
The other two sectors giving +ive returns were Technology (XLK) and Industrials (XLI).
The snow effect is visible in Cons Staples and Cons Disc sectors as they were under performer by 4% and 2%.
The Utilities has been down for quiet some time. Financials which were leading are now performing in line.
Worth noting is the consistent leadership of Energy sector for last 6 months. There is a momentum theory in play here.
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