Growth sectors stole the show this week as investors put inflation worries aside and boosted Communications (XLC) and Technology (XLK) early in the week. The focus was on the growth sectors from Monday to Wednesday. Technology faded back in the list, buy Consumer Discretionary (XLY) joined Communications to end the week at the top of the list.
On Thursday, there was a rotation into cyclicals, bringing Industrials (XLI) higher in the list. Industrials ended the week in fourth place.
Friday brought out the defensive plays heading into a three-day weekend and the start of the summer months. That gave a boost to Real Estate (XLRE), Health Care (XLV), Utilities (XLU), and Consumer Staples (XLP). Real Estate (XLRE) ended in third place for the week, while Health Care and Utilities remained at the bottom two sectors for the week.
On Thursday, there was a rotation into cyclicals, bringing Industrials (XLI) higher in the list. Industrials ended the week in fourth place.
Friday brought out the defensive plays heading into a three-day weekend and the start of the summer months. That gave a boost to Real Estate (XLRE), Health Care (XLV), Utilities (XLU), and Consumer Staples (XLP). Real Estate (XLRE) ended in third place for the week, while Health Care and Utilities remained at the bottom two sectors for the week.
