Sector Rotation : Week 34/09
August 17, 2009 · Print This Article
Consumer Staples (0.41%) led the charge last week followed by Health Care (0.29%), Utilities (0.21%) and Technology (0.05%). Amongst the laggards were Materials (-0.07%), Financials (-0.35%), Industrials (-0.60%), Energy (-0.67%) and Consumer Discretionary (-1.45%).
The market turned cautious last week as it was clearly showing in the leading charts. The top 3 sectors last week were all defensive sectors. As the market took profit from recent gains, the cautious investors moved to park their money into these defensive sectors.
In Summary, the defensive sectors are likely to pick up the pace in the coming weeks as more investors are likely to park their money there. Commodity sectors are most likely to take the worst beating this week as the Chinese government has slowed down its purchases in recent weeks.
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