We are near market weight in our XLV allocation for September. Model inputs have improved marginally, but the sustained consolidation in equity prices that typically catalyze performance for the sector have remained elusive
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 »
Cyclical Sectors have the advantage in the near-term, but the XLK correction is likely a buying opportunity even if it extends another month or more.
Narrations of a Sector ETF Operator | Weekly Market Letter, July 21, 2024 Read More »
ETFsector.com Elev8 Sector Portfolio Allocation Update, July 17, 2024 High-Beta Cyclicals Taking Over Leadership We are seeing a clear move towards economic cyclicals (XLY, XLF, XLI, XLB) in the near-term as a combination of dovish rate expectations and favorable earnings releases boost optimism. That move is being funded by selling longer-term winners XLC and XLK.
XLC on the cusp of a sell signal. As violence erupted in our politics this weekend, a call to stand together and find strength in each other!!
Narrations of a Sector ETF Operator | Weekly Market Letter, July 14, 2024 Read More »
We continue to explore whether we are in the midst of an AI driven “Tech Bubble”. We continue to reject that notion for the present. Please come read why!
Narrations of a Sector ETF Operator | Weekly Market Letter, July 7, 2024 Read More »
At ETFsector.com we provide tools and insights to help our community appreciate and understand the benefits of sector investing. We are pleased to offer the fourth installment of our deep history Sector Trend Studies to provide you with a deeper understanding of the historical behavior of these groups of businesses in relation to broad market
US Sector Historical Return Profiles During USD Price (DXY Index) Downtrends Read More »
At ETFsector.com we provide tools and insights to help our community appreciate and understand the benefits of sector investing. We are pleased to offer the fourth installment of our deep history Sector Trend Studies to provide you with a deeper understanding of the historical behavior of these groups of businesses in relation to broad market
US Sector Historical Return Profiles During USD Price (DXY Index) Uptrends Read More »
The XLV lost ground by moving sideways in June, unable to entice investors who were looking to add risk instead. The price action has been sideways since XLV peaked in February, and with a weak start to July trading, the pattern is taking on a distributional look.
Going naked the Discretionary Sector during a month where it ended up outperforming resulted in a small loss (-20bps). We start out July with more beta in the portfolio and bigger bets on leadership sectors (XLK, XLC) given the improving status of monthly inflation gauges and continued strength in Growth oriented themes.
Elev8 Sector Rotation Model Portfolio: July Positioning & June Performance Recap Read More »
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