Regardless of decline in main indexes through the week, there are encouraging indicators of multi-week bases rising in laggard sectors comparable to $XLE, $XLRE, and $XLF. Moreover, each $XLI and $XLK are inside a 3% vary of their all time excessive. It might be a disgrace to not attain these report ranges, contemplating the outstanding resilience displayed amidst considerations of an impending recession.
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Week of 10/7/2023 Market Diary,
Regardless of decline in main indexes through the week, there are encouraging indicators of multi-week bases rising in laggard sectors comparable to $XLE, $XLRE, and $XLF.
Moreover, each $XLI and $XLK are inside a 3% vary of their all time excessive. It might… pic.twitter.com/6CrGY9YJKR
— Jeff Solar, CFTe (@jfsrevg) July 8, 2023
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