Sector Rotation : Week 43/09

October 19, 2009 · Print This Article

Once again the Energy (3.64%) took the top spot to lead the market higher for the week followed by Industrials (2.11%), Materials (1.46%), Consumer Discretionary (1.4%), Consumer Staple (1.31%), Health Care (0.76%), Utilities (0.47%), Technology (0.43%) and Financials (-0.91%).

Same story again with the weakness in the Dollar – it continues to spur the growth in the commodities sectors such as Energy and Materials.

Financial and Technology sectors took a beating due to the “buy the rumor, sell the news” trade last week.

In conclusion, the market will continue to surge higher as long as the Dollar remains weak. The sectors that are likely to benefit from the weak Dollar will be Energy, Industrial and Materials.

Written by admin · Filed Under *Sector Rotation* 
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