Energy (XLE +17.11% WoW) was the clear winner of the week. Straight out of the gait, Energy benefited from the news that an effective vaccine could be available soon. The Energy sector would benefit from the economic recovery of several of sectors including Transportation, Travel and Leisure.
Financials (XLF +8.29% WoW) followed in a distance second. Banks have a lot to benefit from an economic recovery including higher yields in bonds as investors move back into equities.
Those two sectors stood tall above the rest who all performed more closely to the S&P 500 performance.
Technology (XLK -0.31% WoW) was the only sector to end the week with losses. A clear metric of what we already knew - that investors rotated out of popular technology stocks that benefited from the pandemic lockdowns.
Financials (XLF +8.29% WoW) followed in a distance second. Banks have a lot to benefit from an economic recovery including higher yields in bonds as investors move back into equities.
Those two sectors stood tall above the rest who all performed more closely to the S&P 500 performance.
Technology (XLK -0.31% WoW) was the only sector to end the week with losses. A clear metric of what we already knew - that investors rotated out of popular technology stocks that benefited from the pandemic lockdowns.
