Challenging Times for Some Sector ETFs
Sunday, August 29th, 2010
Gary Gordon submits:
In the best of times, stock prices of different economic segments behave differently. So it isn’t surprising to find Sector ETFs travelling unique paths in ”challenging times.”
For instance, if we are heading for the dreaded “double dip,” one might expect relative strength in consumer staples and health care. Staples (XLP) is currently showing relative strength, yet Health Care (XLV) is currently demonstrating relative weakness. This is hardly typical for an economy that’s destined for recession.
