Market Recap For July 13th, 2022
Wednesday’s market started off lower, but very quickly worked itself back into the green at one point. However, by day’s end, stocks finished in the red.
Yesterday’s close finished with a mixed tone. Markets came off their lows, and the S&P held 3800, but the final hour was less than thrilling.
Yesterday’s Sector Performance
Discretionary was the one sector noticeably in the green.
Industrials were the weakest, followed by Services.
Five-Day Sector Performance
Energy is now the lone sector still in the green over the past week.
Communication Services are now the bottom sector.
ETF Trade Watch
Consumer Discretionary Select Sector SPDR (XLY)
Energy Select Sector SPDR (XLC)
The market left a confusing message at yesterday’s close. If stocks head higher, then it would seem that the XLY might outperform.
However, if things take a turn for the worst, the Communication Services led XLC could be one of the sectors hit the hardest.
Good luck!