201608.27
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Sector Snapshot: Technology Leading

I haven’t posted on sector momentum since just after the Brexit vote because there hasn’t been much change. The most obvious change is that all sectors are now positive on a three month basis. Defensive sectors have retreated a bit and more cyclical sectors have advance a bit. The result is a market that is…

201606.27
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Sector Snapshot: Defensive Sectors Take The Lead

Even before the Brexit vote, momentum was shifting to defensive sectors. The rally in weak dollar sectors – other than the gold/silver mining industry – was looking very overbought and tired anyway, so Brexit was a good excuse to take some profits. Whether the dollar can retain the strength it has gained on this historic…

201605.24
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Sector Snapshot: Dollar Rally Could Impact Leaders

The short term leadership is shifting as the dollar comes off its lows. Energy and materials had been leading the market during the recent period of dollar weakness. As the dollar found its footing over the last month, defensive sectors took the lead.  Whether this short term shift continues will likely depend on whether the…

201604.22
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Sector Snapshot: Energy & Materials Still Leading

There has been some turnover in the short term leadership but energy and materials are still the leading sectors: The newcomer moving up in the pack is healthcare which was at the bottom of the one month list last month. Defensive sectors had a bad month with utilities and staples bringing up the rear. Recession…

201603.23
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Sector Snapshot: Will The Energy Surge Continue?

The last month has seen a shift in the fortunes of energy stocks with the sector leading the pack with a return over 11%. Will it last? That probably depends more on the direction of the US dollar than it does any of the alleged production agreements that get so much press and rarely produce…