All the US equity sectors have bounced off the Mar. 23 broad-market low, with consumer discretionary shares leading the way, based on a set of exchange traded funds through yesterday’s close (Oct. 12).
Technology is a close second. On both fronts, the rallies have carried prices well above the broad market’s recovery since the depth of the coronavirus crash in late-March.
Consumer Discretionary Select Sector (NYSE:XLY)) continues to post the strongest return so far in the post-crash revival. The ETF is up a red-hot 78.7% since the market’s darkest hour at Mar. 23’s close. Powered by top holdings including Amazon (NASDAQ:AMZN) and Home Depot (NYSE:HD), XLY ended at a record high in yesterday’s trading session.
In close pursuit is Technology Select Sector (NYSE:XLK), which is up 74.6% from the Mar. 23 bottom.
Energy stocks are posting the weakest recovery. Although Energy Select (NYSE:XLE) surged early on after the broad market bottomed in late-March, the fund has stumbled in recent months and is currently up a comparatively modest 25.6% since Mar. 23.
XLY Daily Chart
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