Market Recap For December 13th, 2021
If higher prices are coming, they sure have a strange way of showing it. Stocks did not rally further to start the week, which was anticipated.
Yesterday ended on quite the bearish note, one that will likely follow into today. The extent of the decline is the only question.
Yesterday’s Sector Performance
Real Estate led a small group of sectors that managed to rally yesterday.
Consumer Discretionary and Energy led the decline.
Five-Day Sector Performance
Yesterday’s Technology fall helped Healthcare move back to the top of the week.
Consumer Discretionary is still languishing at the market’s bottom.
ETF Trade Watch
Energy Select Sector SPDR (XLE)
Consumer Discretionary Select Sector SPDR (XLY)
For the past week, and to start this one, Consumer Discretionary and Energy of have been the clear laggards.
It’s been a week of back and forth, but if today sees the downside move yesterday hinted towards, the XLE and XLY will likely take further hits,
Good luck!