Market Recap For February 25th, 2022
No real surprise on Friday. Stocks rallied as Thursday’s low seems to be one that will hold into this week.
Although the larger forecast is for an ongoing bear market correction, last week’s Thursday-Friday turnaround has all the makings of an important bottom.
Yesterday’s Sector Performance
In a sea of green, Materials came out on top.
In somewhat of a surprise, Technology underperformed.
Five-Day Sector Performance
Real Estate ended up winning the week, followed by Health Care.
Consumer Discretionary was by far the weakest sector.
ETF Trade Watch
Materials Select Sector SPDR (XLB)
Real Estate Select Sector SPDR (XLRE)
Hard to know if the current rally is a bear market trap, or the start of something bigger. However, as of Friday’s close, the move is clearly up.
As long as the rally continues onward, the current leaders should be considered for bullish trades, and those are the XLRE and XLB.
Good luck!