Sector ETF Week In Review: The Defensive Tone Continues


Sector ETF Week In Review For May 6-10


  • Sector performance over the last three months shows an aggressive, risk-on investment philosophy.
  • Performance over the last month and week indicates a more defensive tone.
  • The ratios of three defensive sectors (XLUXLP, and XLV) relative to SPY is low, giving credence to the argument that traders will start to accumulate them.

Let’s begin with a look at the three-month performance table, which takes us back to mid-February.

This is a very bullish, risk-on performance table. Technology leads, rising 12.41; consumer discretionary is up 9.86. With the exception of healthcare (off marginally), all sectors are up.

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