Relative Performance: Group has seen some real bifurcating action this year. Of course, gold and gold miners have been a big weight on the overall materials space as the only 2 subsectors within negative on the year. On the other hand, aluminum and steel, and chemicals have been a tailwind for the group. On ratio chart below one can see the failed rally attempts last 6 months.
Relative Performance: Group which has been on a slippery, steady downtrend between June-September has recorded a potentially good looking bullish reversal. Over that last week, the transports have really led the charge and that could be saying an economy on the mend. The truckers,, railroads and delivery services all have done most of the heavy recent lifting. UPS looking attractive, back above 200 number, just 7% off most recent 52 week highs while FDX is 27% off its own, not a typo.
Relative Performance: Group has been under assault as seen on ratio chart against S&P 500 here. GOOGL is the second-largest holding in ETF and it fell just 2.7% last week and is just 6% off most recent all-time highs but feels heavier than that. Rounding out top 10 holdings in XLC are TMUS T and VZ. TMUS is now lower 9 of last 10 weeks and 22% off most recent 52 week highs and T has lost one-quarter of its value from its 2021 peak.
"Risk On" Good measure to determine how investors feel in the consumer space with ratio chart comparing discretionary to staples. XLY up 20% YTD against XLP up by 6%. And on shorter time frames to favor XLY up 5% on both 1 and 3 month periods, while the XLP is basically UNCH.
Relative Performance: Group the third-best major S&P sector in 2021 up by 33% so far. Feels like a big move is coming within the group with this digestion since early summer continuing.