Market Recap For October 7th, 2021
Thursday brought the higher stock prices we had been anticipating, with all major indices pushing firmly into the green.
Oddly, nearly half of those gains were lost by day’s end. Markets may decline to start today off, but where they go after that is the most important thing to watch.
Yesterday’s Sector Performance
Consumer Discretionary, Healthcare and Materials were yesterday’s leaders.
Utilities ended up as the only sector in the red.
Five-Day Sector Performance
Energy is still leading the way, no real surprise.
Healthcare is still at the bottom of the week.
ETF Trade Watch
Energy Select Sector SPDR (XLE)
Financials Select Sector SPDR (XLF)
Energy continues to lead, and with no apparent end in sight. Until that changes, XLE will likely head to new highs.
Although not a daily leader lately, Financials are having the next best week, behind Energy. The XLF also tested a new high yesterday.
Good luck!