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.
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.
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 »
The patient remain unwell and in the market for better medicine.
XLV Healthcare SPDR – May Outlook Read More »
Inflation jitters, rates consolidating, narrowing leadership have all been dynamics that have boosted Utilities in the near-term and are still on the table.
XLU Utilities SPDR – May Outlook Read More »
Still a strong downtrend. The chart suggests the move is to sell down exposure on near-term strength.
XLRE Utilities SPDR – May Outlook Read More »
Bouncing off intermediate-term oversold conditions. Rates need to cooperate to resuscitate the uptrend. That outlook is murky.
XLK Information Technology SPDR – May Outlook Read More »
Secular tailwinds support many industries within the sector as the relative performance improves.
XLI Industrials SPDR – May Outlook Read More »
Sustained upside momentum from Q4 of 2023 signals a constructive re-emergence of buying power into the sector.
XLF Financials SPDR – May Outlook Read More »
Energy stocks start out May with an improving sector chart and an oversold barrel of Oil which would appear to be a positive setup.
XLE Energy SPDR – May Outlook Read More »
If Mega Cap. Growth remains challenged Staples are a likely haven.
XLP Consumer Staples SPDR – May Outlook Read More »