Sector Winners and Losers week ending 6/4
Energy (XLE) and Real Estate (XLRE) led the sector list for the week, establishing their lead early in the week. Energy got a boost from the rise in oil prices on high demand. Real Estate is gathering momentum from rising housing and rental prices while also being a great hedge against inflation.
The focus on employment data released on Friday morning is clear in two pivots. There was a sharp sell-off of most sectors except Consumer Staples (XLP) and Utilities (XLU) on Thursday ahead of the report. The two sectors are good defensive plays when investors get nervous about how the market may react to news or events.
After the report was released, Technology (XLK), Consumer Discretionary (XLY), and Communications (XLC) rallied on Friday. It seems the employment data was good enough to keep a positive outlook, while not so good to drive more fears of tapering by the Fed.
Health Care (XLV) was the worst-performing sector for the week.
The focus on employment data released on Friday morning is clear in two pivots. There was a sharp sell-off of most sectors except Consumer Staples (XLP) and Utilities (XLU) on Thursday ahead of the report. The two sectors are good defensive plays when investors get nervous about how the market may react to news or events.
After the report was released, Technology (XLK), Consumer Discretionary (XLY), and Communications (XLC) rallied on Friday. It seems the employment data was good enough to keep a positive outlook, while not so good to drive more fears of tapering by the Fed.
Health Care (XLV) was the worst-performing sector for the week.
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