Sector Rotation : Week 41/09
October 5, 2009 · Print This Article
This week, Consumer Staples (0.08%) is the only positive sector in the market. Financials (-5.24%) lead the sell-off followed by Industrials (-4.95%), Materials (-4.85%), Energy (-4.5%), Consumer Discretionary (-3.49%), Technology (-3.2%), Utilities (-3.16%) and Health Care (-2.39%).
Defensive Sectors such as Consumer Staple and Utilities will likely to benefit from the nervous market as investors shifted their funds to low beta stocks while analyzing the earnings reports in the market.
Look out for the material sector in this coming week. Alcoa and Monsanto earnings report will provide the investors a clue into the future earnings. A strong earnings report with good guidance will be a big boost to the sector.
In conclusion, the market will likely to be extremely volatile as this month might be the tipping point for the market to either finish the year high with style or finish the year low with plenty to worry about.
Comments
Got something to say?