The market strength has continued during this typically bullish time of the year, but Sabrient’s fundamentals-based SectorCast-ETF model has hardened its defensive posture. This would indicate that the rally has been driven more by things like sentiment and a weak dollar than by fundamentals. The Consumer Staples sector scored significantly lower this week, which allowed Utilities to move into second place. Notably, Consumer Discretionary has made a surprisingly strong move up this week.
No comments :
Post a Comment