Sector Winners and Losers week ending 9/3

Original Chart

Defensive sectors led the sector list during a week where employment data kept investors guessing on the Fed’s timeline for bond tapering.

Real Estate ( XLRE ) led the list throughout the week. The sector is benefiting from low interest rates while it also remains a good hedge against inflation . The Fed continues to put full employment ahead of inflation as the priority for interest rate hikes, so the sector will continue to perform if labor recovery slows.

Health Care ( XLV ) was the second best sector, following by Consumer Staples ( XLP ) and Utilities ( XLU ).

The cyclical sectors ended the week lower with Financials ( XLF ) and Energy ( XLE ) sitting at the bottom of the sector list. The slowing labor market and missed PMI numbers this week showed some weakness in the economy.


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