This Time Technology Beats Financials After a week of no changes, we’re back with renewed sector movements, and it’s another round of leapfrogging. This week, technology has muscled its way back into the top five sectors at the expense of financials, highlighting the ongoing volatility in the market. Communication Services and Consumer Staples have swapped places since last week, while Technology has entered at number five, pushing Financials down to sixth. The remaining sectors from seven to eleven remain unchanged. This constant shuffling is a clear indicator of the market’s indecision. Imho, such volatility usually doesn’t accompany a sustainable trend, and that’s precisely what’s hurting trend-following models right now. (1) Industrials – (XLI) (2) Utilities – (XLU) (4) Communication Services – (XLC)* (3) Consumer Staples – (XLP)* (6) Technology – (XLK)* (5) Financials – (XLF)* (7) Real-Estate – (XLRE) (8) Materials – (XLB) (9) Consumer Discretionary – (XLY) (10) Healthcare…
