Consumer Staples December Outlook—We See Potential for Staples Outperformance in the Near-term
We think the marginal dollar goes into lower vol. sectors this month if rates roll over as we expect.
WMT
ETFsector.com Daily Trading Outlook, November 20, 2024
S&P futures are up 0.1% in Wednesday morning trading after U.S. equities finished mostly higher on Tuesday, driven by strength in big tech, particularly NVIDIA (NVDA-US) ahead of its earnings today. Aerospace and defense, precious metals, and select household products outperformed, while home-improvement retailers, tax prep, banks, machinery, and apparel lagged. Treasuries weakened across the
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ETFsector.com Daily Trading Outlook, November 19, 2024
S&P futures are down 0.3% in Tuesday morning trading after U.S. equities closed mostly higher on Monday, led by select big tech (notably Tesla) and commodity equities, while airlines and rideshare names lagged. Treasuries are rallying, the Dollar index is up 0.2%, gold is up 0.7%, Bitcoin futures rose 0.5%, and WTI crude is down
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Consumer Staples November Outlook—Rising Rates and Bullish Sentiment have Left Staples Lagging, Now Oversold
Deeply oversold with rates backed up, we are betting on near-term reversal in November
Narrations of a Sector ETF Operator | Weekly Market Letter, September 22, 2024
We project the S&P 500 to near 6150 by year-end. Our trend-following model is giving off bullish signals.
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XLP Consumer Staples SPDR September Outlook—XLP had one of the weakest scores in our Elev8 Sector selection models and we start September with a short position
Weaker inflation and a bullish earnings season from the Tech. Sector have put the XLP in the back seat on performance while it also starts off September registering overbought conditions. This isn’t an attractive setup
ETFsector.com Daily Trading Outlook, August 15, 2024
Equities pushed higher after the CPI printed a 2-handle. The 2.9% reading on the year over year CPI report led to the Dow adding 0.61%, the S&P 500 0.38% and the Nasdaq 0.03%. At the sector level, Financials led, adding 1.22% followed by the Energy and Info Tech. Sectors. Laggards included Comm. Services, Discretionary and
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XLP Consumer Staples SPDR July Outlook—Softer inflation has shifted investor focus towards discounting a more dovish Fed. going forward. XLP is less likely to outperform while that behavior persists
Weaker inflation and a fairly bullish earning season from the Tech. Sector have put the XLP in the back seat. Several o our model inputs have deteriorated for the sector since May, and it now scores as a zero-weight sector for July in our work
Narrations of a Sector ETF Operator | Weekly Market Letter, June 23, 2024
Narrations of a Sector ETF Operator | Weekly Market Letter, June 23, 2024 I want to talk about time this week. Yes, the ubiquitous kind on which all our lives flow, but also of course the discrete kind, like the humble trading day, or the even more humble day. Depending on perspective and position, time
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SPY June Outlook—mixed with seasonality a tactical negative historically against the backdrop of a longer-term bull market trend
Last month was more stalemate between Fed policy and Inflation gauges. Almost in the background, the equity markets continued higher. We are now in the summer of an election year which typically sees equity markets consolidate into November 5th. We will start the month positioned for rates to stay flat and for equities to grind sideways over the intermediate term while respecting the strongest longer-term outperformance trends in XLK and XLC.