Market Recap For December 5th, 2021
Friday’s Spotlight documented last week’s tendency for the market to flip back and forth from up to down. The combo of Thursday to Friday was no exception.
Although all major indices finished in the red, Friday ended with a rally into the close, which could see follow through today.
Yesterday’s Sector Performance
On a down day, Consumer Staples finished firmly in the green.
Healthcare, Technology and Financials led the downside charge.
Five-Day Sector Performance
Utilities are the clear leader after last week.
Communication Services and Consumer Discretionary lost the week.
ETF Trade Watch
Consumer Staples Select Sector SPDR (XLP)
Utilities Select Sector SPDR (XLU)
Markets me rally to start off the week, and it is certainly possible that a low of some magnitude was put in on Friday.
However, if that is not the case, Utilities and Consumer Staples could remain the top performing sectors, and that means the XLU and XLP should be monitored.
Good luck!