XLP Consumer Staples SPDR June Outlook—Staples bottoming process relative to the broad market is still intact
We debut our Elev8 Sector Model with an OVERWEIGHT position in XLP of 1.98%
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XLV Healthcare SPDR June Outlook—Looking for some tactical mean-reversion performance after a brutal 15-months for the sector
The XLV has continued to deteriorate and has been a large underweight in our process since the bull market started in early 2023. However, our work also suggests that oversold defensive shares can be a good tactical add to a portfolio and that’s what XLV shares are this month. Our Elev8 Sector Model debuts with an OVERWEIGHT position in XLV of + 1.02%
XLY Consumer Discretionary Sector SPDR June Outlook—Bad getting worse as the few pockets of strength within the sector YTD couldn’t hold up in May
The XLY is one of our 0% allocation sectors for June in the Elev8 Model Portfolio with a net -9.86% UDERWEIGHT position.
XLRE Real Estate Sector SPDR June Outlook—Still a strong downtrend. Structural headwinds remain in place
XLRE is one of the 0% Sectors in our Elev8 Sector Model netting an UNDERWEIGHT position of -2.18% vs. the S&P 500 weight to start June.
XLY Consumer Discretionary SPDR – May Outlook
Homebuilders are pausing, a lot is riding on Mega Cap. Earnings as leadership narrows here and 12 month rolling returns flip negative.
XLY Consumer Discretionary SPDR – May Outlook Read More »
XLV Healthcare SPDR – May Outlook
The patient remain unwell and in the market for better medicine.
XLV Healthcare SPDR – May Outlook Read More »
XLU Utilities SPDR – May Outlook
Inflation jitters, rates consolidating, narrowing leadership have all been dynamics that have boosted Utilities in the near-term and are still on the table.
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XLRE Utilities SPDR – May Outlook
Still a strong downtrend. The chart suggests the move is to sell down exposure on near-term strength.
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XLK Information Technology SPDR – May Outlook
Bouncing off intermediate-term oversold conditions. Rates need to cooperate to resuscitate the uptrend. That outlook is murky.
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XLI Industrials SPDR – May Outlook
Secular tailwinds support many industries within the sector as the relative performance improves.
XLI Industrials SPDR – May Outlook Read More »