Healthcare Sector October Outlook—XLV corrected in September to an extent which undermines the bullish reversal
XLV’s bullish reversal from July is on life support in the ER
XLV’s bullish reversal from July is on life support in the ER
ETF Insights| October 1, 2024 XLP near-term outperformance paused in September with the advent of the Fed’s dovish policy stance and 50 bps rate cut.
Clear break-out for XLY in September though there is some near-term risk as the daily chart is overbought
XLI continues to be the strongest commodities linked sector in our work.
Taking a long position for October on signs of bullish reversal
XLE persists as the weakest sector in our model. We are zero weight to start October in the Elev8 Sector Rotation Portfolio
S&P Futures Little Changed: S&P futures are flat in Monday premarket trading, following a quiet Friday session where the S&P and Nasdaq logged their third-straight
September nears its conclusion as a strong month for US equities which saw the S&P 500 confirm its uptrend with a new all-time high. This
We start October positioned for the bull trend in equities to continue. We enter the month with our biggest long positions in XLK, XLY, XLF and XLC and short zero-weigh sectors XLV, XLP and XLE.
Factor Performance in the past 3-months has shown a transition from Risk-off to Risk-on as the Fed ramps policies to support the Economy in the 2nd half of 2024
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