@bespokeinvest: the average Russell 1,000 stock is 23% below its 52 week high; Consumer Discretionary, Industrials and Technology are weaker at -26% or worse.
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The average Russell 1,000 stock is now 23% below its 52-week high. Consumer Discretionary, Industrials, and Technology are even weaker at -26% or worse.
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Reasoning: Technicals · Short term
@charliebilello highlights a 56% spread between the best and worst S&P 500 sectors so far this year: Energy $XLE is up 51% while Consumer Discretionary $XLY is down 5%. He says war-driven inflation is rewarding big oil and squeezing consumers.
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A stunning 56% spread between the best and worst performing S&P 500 sectors so far this year:
-Energy $XLE : +51%
-Consumer Discretionary $XLY: -5%
War-driven inflation is rewarding big oil and squeezing consumers.
Video: https://www.youtube.com/watch?v=5LUZatUEHmM&t=48s
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Reasoning: Macro
Fund flows or trade records mentioned in posts reflect only the account’s own claims, are marked “Per the post” and are unverified.