Sector SPDR ETF Returns and Volatility Relative to the S&P 500

The past week provided the first signs of support in the overall market for a long while, with financials rising, energy falling, and two consecutive overall days in the black.

The top gainers relative to the S&P for the week were financials and materials, with energy and technology falling the hardest compared to the market. Crude fell below $90 on Friday as well, likely decreasing inflationary pressure and giving the Fed less downside risk for lowering rates, further widening the difference between financials and energy.

With respect to volatility, utilities and consumer staples remained the least risky relative to the S&P, with financials and consumer discretionary coming up on top on the other side.

Here are the table summaries.

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