While we prefer XLB to XLE, both sectors haven’t done enough to trigger a positive allocation in our model
Despite some rotation away from Mega Cap. Growth, we haven’t seen any sustained benefits to XLE in the short or intermediate term.
Financials broke out decisively in July and are now the best performing S&P 500 GICS Sector YTD. We look for recent strength to continue in August
XLF Financial Sector SPDR Outlook Read More »
We are betting on a bounce in Commodities prices from deeply oversold conditions to continue motivating the bullish reversal in XLB.
XLB Materials SPDR August Outlook Read More »
META, GOOG/L and NFLX continue to be the performance drivers for XLC. With all three oversold in the near term, we expect a bounce in August.
XLC Communication Services SPDR August Outlook Read More »
Correction in the second half of July has left the XLK near-term oversold in a strong longer-term uptrend. We expect the near term oversold condition to be bought by investors looking to “buy the dip”.
XLK Information Technology Sector SPDR August Outlook Read More »
Discretionary stocks have broken out and retraced in July. They start August with a quality setup, bouncing from oversold conditions. We remain long XLY for August.
XLY Consumer Discretionary Sector SPDR August Outlook Read More »
Industrials experienced a solid bounce in July and an upside break-out above resistance. We expect positive momentum to boost performance in August.
XLI Industrials SPDR August Outlook Read More »
Energy Sector stocks have continued to firm despite weakness in the Crude price. Historically this is an outlier, so which is right, the stocks or the barrel? We give the benefit of the doubt to the stocks in our process, and we are constructive on the Energy Sector for August.
XLE Energy SPDR August Outlook Read More »
XLV bounced in July, but we remain skeptical that this is a prelude to longer-term trend change. We remain short the XLV in our model for August despite near-term improvement.
XLV Healthcare SPDR August Outlook Read More »
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