ETFs Provide Insight Into U.S. Sectors' Performance
11/12/2010 0 comments
US sectors provide insight into the parts of the US economy that are flourishing or floundering. We are tracking the ETFs that represent ten different financial sectors. More details are available on the MyPlanIQ website.
|
Description |
Symbol |
8-Nov Trend Score |
Direction |
|
Consumer Discretionary |
(XLY) |
14% |
Week 1 |
|
Materials |
(XLB) |
13% |
Week 1 |
|
Telecom |
(IYZ) |
13% |
Week 1 |
|
Technology |
(XLK) |
12% |
Week 1 |
|
Industries |
(XLI) |
11% |
Week 1 |
|
Energy |
(XLE) |
10% |
Week 1 |
|
Consumer Staples |
(XLP) |
7% |
Week 1 |
|
Utilities |
(XLU) |
7% |
Week 1 |
|
Financial |
(XLF) |
6% |
Week 1 |
|
Healthcare |
(XLV) |
6% |
Week 1 |
click to enlarge We are entering the holiday period with the QE2 wind at our backs. This is going to increase consumer confidence and consumer spending. The materials and commodity sectors have jumped due to a weak dollar, which the QE2 program exacerbates. It is also likely to stimulate demand for materials further pushing up the price. The telecom sector includes wireless phone providers and they will likely do well through the holiday period with the increasing success of smart phones. With the Republican victory in the House, some analysts are talking a lot these days about utilities stocks -- the reason being that the sector may benefit from the higher likelihood that the 15% tax rate on dividends will be extended. The financial sector is still recovering from its meltdown and will continue to be under pressure with continuing concerns with mortgage stability and general fragility. Healthcare's overall performance has been under pressure in this economic environment. Despite a substantial portion of their products being required for survival, sales remain sluggish. As a result, a wave of consolidation has gobbled up mid-cap companies with new products. Some of these sectors will peak in the holiday season while others will settle over a longer time period as the political and economic climate evolves. labels:investment,
Symbols:AGG,BND,CIU,CSJ,DBA,DBC,EEM,EFA,GSG,HYG,ICF,IEF,IWM,IYR,IYZ,JNK,LQD,MBB,MDY,MUB,PHB,QQQQ,SHV,SHY,SPY,TLT,USO,VEU,VNQ,VWO,XLB,XLE,XLF,XLI,XLK,XLP,XLU,XLV,XLY,
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