A third week of mild declines left the S&P 500 (SPY) down roughly -0.3%. Perhaps more importantly, however, is the shifting leadership now tilting towards defensive sectors highlighted in this week’s ‘Rank’ column, including Health Care (XLV) and Consumer Staples (XLP). Is it time to reassess risk, or is this just a temporary realignment? With implied volatility remaining low, it’s not expensive to purchase insurance while this plays out.
Source: ETF Rewind subscription service; prior weekly posts.
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