A mix of growth and cyclical sectors topped the list this week. Defensive s all sectors declined for the week after topping the sector list last week.
Energy (XLE) held the lead among sectors for the entire week, despite a pullback on Thursday. The sector completely recovered from last week's decline and marked a higher high this week.
All of the cyclical and growth sectors had solid gains, with Financials (XLF) ending the week in second place. Technology (XLK) trailed the other gaining sectors, underperforming the overall S&P 500 but still finished with a +1.45% gain.
Utilities (XLU) was the worst-performing sector for the week as investors rotated out of defensive positions and back into bullish cyclical and growth positions.
Energy (XLE) held the lead among sectors for the entire week, despite a pullback on Thursday. The sector completely recovered from last week's decline and marked a higher high this week.
All of the cyclical and growth sectors had solid gains, with Financials (XLF) ending the week in second place. Technology (XLK) trailed the other gaining sectors, underperforming the overall S&P 500 but still finished with a +1.45% gain.
Utilities (XLU) was the worst-performing sector for the week as investors rotated out of defensive positions and back into bullish cyclical and growth positions.
