It was a mix of defensive and cyclical stocks that led the sector list this week. Only three sectors ended the week with gains, while the high growth sectors took the biggest declines.
Consumer Staples (XLP) topped the list with Utilities (XLU) in fourth place. Both are defensive sectors for investors. Real Estate (XLRE) was lower in the list but still outperformed the sectors.
Financials (XLF) and Materials (XLB) joined Consumer Staples as the only sectors to end the week with gains.
Technology (XLK) and Consumer Discretionary (XLY) were at the bottom of the list. Both contain high growth companies that are likely to be impacted by inflation and potential increases in interest rates. They started to recovery on Thursday and Friday after the US Dollar and Treasury interest rates dropped.
Consumer Staples (XLP) topped the list with Utilities (XLU) in fourth place. Both are defensive sectors for investors. Real Estate (XLRE) was lower in the list but still outperformed the sectors.
Financials (XLF) and Materials (XLB) joined Consumer Staples as the only sectors to end the week with gains.
Technology (XLK) and Consumer Discretionary (XLY) were at the bottom of the list. Both contain high growth companies that are likely to be impacted by inflation and potential increases in interest rates. They started to recovery on Thursday and Friday after the US Dollar and Treasury interest rates dropped.
