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The beginning of a bigger move? Two of the year's three strongest performing sectors -...

The beginning of a bigger move? Two of the year's three strongest performing sectors - healthcare (XLV) and consumer staples (XLP) - are down on the week as the three weakest sectors - energy (XLE), materials (XLB), and tech (XLK) - post gains of 3%-4.5%.
Comments (2)
  • kmi
    , contributor
    Comments (3984) | Send Message
     
    Interesting. Perhaps it is positioning for expectations of a move later in the year but we are in shoulder season for energy, and nat gas for one seems to know it having pulled back from $4.50, but oil doesn't seem to get it...

     

    I continue to favor healthcare and staples over energy and materials, although I am neutral to tech....
    26 Apr 2013, 08:54 AM Reply Like
  • dtm926
    , contributor
    Comment (1) | Send Message
     
    Some have tried to reduce their bond exposure (thinking the bond bull is waning) via buy stocks that are dividend payers and other safe equity bets. e.g. utiliities, staples, and quality dividend payers.
    IMHO, these sectors are overbought, but other higher risk equities have not fully participated in the bull market, causing a slight sector shift.
    What I'm wondering about now is, does this mean we are changing business cycles?
    26 Apr 2013, 09:05 AM Reply Like
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