Market Recap For October 11th, 2022
Markets declined to start off the Tuesday trading, but as usual, the dip was bought, and stocks pushed back into the green.
However, the final hour or so took the market back into the red, eventually even testing the day’s previous low.
Yesterday’s Sector Performance
Several sectors ended up in the green, starting with Real Estate.
Services and Technology ended the day at the bottom.
Five-Day Sector Performance
Energy has struggled the past two days, but still leads the week.
Real Estate, Technology and Utilities are all bunched up at the bottom.
ETF Trade Watch
Healthcare Select Sector SPDR (XLV)
Consumer Staples Select Sector SPDR (XLP)
Consumer Staples and Healthcare performed well during yesterday’s decline, but they have also held up well over the past week.
Although it’s hard to tell whether or not that relative strength will continue, if it does, the XLV and XLP should outperform most.
Good luck!