US equities slightly lower in premarket trading following Thursday’s gains, where the S&P 500 hit its first ATH since December. Stocks are on track for a second consecutive week of strong gains. Asian markets mostly higher, led by Greater China, Australia, and South Korea, while Japan lagged. European markets up ~0.8%. Treasuries firmer with curve […]
ETFsector.com Daily Trading Outlook, January 24, 2025 Read More »
S&P Futures Down 0.1%: S&P futures are down 0.1% in Friday morning trading after US equities closed higher on Thursday, with the S&P reaching another all-time high and the Nasdaq extending its gains for a fourth consecutive session. Semiconductors, China tech, industrial metals, chemicals, and autos were standouts. Asian markets surged overnight, with Hong Kong
ETFsector.com Daily Trading Outlook, September 27, 2024 Read More »
XLB has fallen to new lows without any signs of positive divergence or bullish reversal at the industry level.
Our new Elev8 sector selection process starts June with an overweight in XLB of 1.68% vs. the sector weight in the S&P 500. We are not quite as sanguine on XLB as that allocation suggests as we are naked the Energy sector in our model and hoping a modest overweight in XLB will hedge us
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