Seeking Alpha

Rotation coming into materials sector?

  • Miller Tabak's Jonathan Krinsky saw technical signs last week of a rotation into the very-much unloved materials sector. Of the 10 S&P 500 sectors YTD, only telecom has done worse than materials (XLB).
  • Unlike the broad market and many other S&P 500 sectors, materials hasn't taken out its pre-crisis highs, but a chart of its ratio to the S&P 500 - a clear downtrend - looks like it may soon resolve itself with an upside breakout.
  • Related ETFs: FXZ, IYM, PYZ, VAW, RTM, PSCM, UYM, SMN, SBM.
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