Top US Sectors Weather the week well -- bottom half feels the pain
11/19/2010 0 comments
US sectors provide insight into the parts of the US economy that are flourishing or floundering. We are tracking the ETF's that represent ten different financial sectors.
More details are available on the MyPlanIQ website.
|
Description |
Symbol |
15-Nov |
Direction |
8-Nov |
|
Consumer Discretionary |
XLY |
11% |
v |
14% |
|
Energy |
XLE |
10% |
^ |
10% |
|
Telecom |
IYZ |
10% |
v |
13% |
|
Materials |
XLB |
9% |
v |
13% |
|
Industries |
XLI |
7% |
v |
11% |
|
Technology |
XLK |
7% |
v |
12% |
|
Consumer Staples |
XLP |
5% |
v |
7% |
|
Utilities |
XLU |
3% |
v |
7% |
|
Healthcare |
XLV |
3% |
v |
6% |
|
Financial |
XLF |
1% |
v |
6% |
We are observing the same drops as the other indices we are tracking. Materials moved out of the top three to be replaced by energy which was the only marker to have a gain last week. The weather pays no attention to financial conditions and we are entering into the cold season in the northern hemisphere where the majority of the energy is consumed.
Telecom was hit by a gloomy Cisco forecast but that is offset by the growth in smart cell phones. Consumer discretionary held up reasonably well as there is still a belief that the Holiday season will be stronger than last year,
Utilities and healthcare continue their downward move as they will continue to be under pressure from increasing costs and a consumer who is very concerned about cost.
The financial sector continues to be under pressure with concerns on stability, currency fluctuations and mortgages.
labels:investment,
Symbols:XLY,IYZ,XLI,XLB,XLK,XLE,XLF,XLP,XLU,XLV,SPY,QQQQ,IWM,MDY,EFA,VEU,EEM,VWO,IYR,ICF,VNQ,GSG,DBC,DBA,USO,LQD,CSJ,CIU,HYG,JNK,PHB,TLT,IEF,SHY,SHV,BND,AGG,MUB,MBB,
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