Sector Reports

XLP Consumer Staples SPDR July Outlook—Softer inflation has shifted investor focus towards discounting a more dovish Fed. going forward. XLP is less likely to outperform while that behavior persists

Sector Reports, XLP Consumer Staples / Patrick Torbert / COST, WMT

Weaker inflation and a fairly bullish earning season from the Tech. Sector have put the XLP in the back seat. Several o our model inputs have deteriorated for the sector since May, and it now scores as a zero-weight sector for July in our work

XLP Consumer Staples SPDR July Outlook—Softer inflation has shifted investor focus towards discounting a more dovish Fed. going forward. XLP is less likely to outperform while that behavior persists Read More »

COST, WMT

XLY Consumer Discretionary Sector SPDR July Outlook—Discretionary stocks may have finally put in a durable low in June as investors shift views on Fed. policy expectations from hawkish to dovish

Sector Reports, XLY Consumer Discretionary / Patrick Torbert / AMZN, TSLA, XLY

XLY has shown signs of bottoming as inflation has continued to dissipate. Investors are starting to gain conviction that the Fed. will be more accommodative to equities in its forward interest rate policy prescriptions as a flagging consumer and slowing industrial production have the potential to supplant inflation as a primary concern.

XLY Consumer Discretionary Sector SPDR July Outlook—Discretionary stocks may have finally put in a durable low in June as investors shift views on Fed. policy expectations from hawkish to dovish Read More »

AMZN, TSLA, XLY

XLI Industrials SPDR July Outlook—Oversold conditions are at near-term wash out levels for XLI and we continue to be positioned for a bounce.

Sector Reports, XLI Industrials / Patrick Torbert / CAT, DE, ETN, GD, LMT, PH, RSG, RTX, WM, XLB, XLI

We are remaining long XLI as it is deeply oversold near-term and tactically attractive if we see profit taking from L/T winning sectors XLK and XLC

XLI Industrials SPDR July Outlook—Oversold conditions are at near-term wash out levels for XLI and we continue to be positioned for a bounce. Read More »

CAT, DE, ETN, GD, LMT, PH, RSG, RTX, WM, XLB, XLI

XLB Materials SPDR July Outlook—Weakness across the Commodities complex has had a negative effect on the Materials Sector and has us at a 0% allocation for July in our model

Sector Reports, XLB Materials / Patrick Torbert / ALB, APD, FCX, LIN, MLM, SCCO, VMC, XLB

XLB has fallen to new lows without any signs of positive divergence or bullish reversal at the industry level.

XLB Materials SPDR July Outlook—Weakness across the Commodities complex has had a negative effect on the Materials Sector and has us at a 0% allocation for July in our model Read More »

ALB, APD, FCX, LIN, MLM, SCCO, VMC, XLB

XLE Energy SPDR July Outlook—Energy stocks and Crude have shown signs of bullish reversal in the 2nd half of June.

Sector Reports, XLE Energy / Patrick Torbert / COP, CVX, XLB, XLE, XOM

XLE is a preferrable exposure to XLB in our work and has triggered a tactical buy signal.

XLE Energy SPDR July Outlook—Energy stocks and Crude have shown signs of bullish reversal in the 2nd half of June. Read More »

COP, CVX, XLB, XLE, XOM

XLK Information Technology Sector SPDR June Outlook—Strength in Semiconductor stocks and benign inflation readings keep XLK the long-term winner in this cycle

Sector Reports, XLK Technology / Patrick Torbert / AAPL, CRM, INTU, MSFT, NVDA, XLK

XLK outperformance has persisted as inflation was not a negative event in May. We look for the outperformance trend to continue at the sector level given the absence of material headwinds and investor recognition of long-term leadership. Our new Elev8 Sector Model debuts with XLK as an OVERWEIGHT allocation of 2.92% for June

XLK Information Technology Sector SPDR June Outlook—Strength in Semiconductor stocks and benign inflation readings keep XLK the long-term winner in this cycle Read More »

AAPL, CRM, INTU, MSFT, NVDA, XLK

XLC Communication Services SPDR June Outlook—Periphery industries firm up around Blue-Chips META, GOOG/L and NFLX

All ETF News, Sector Reports, XLC Communication Services / Patrick Torbert / GOOG, GOOGL, META, NFLX, T, VZ, XLC

The XLC has improved steadily since the advent of the bull market in early 2023. Upside participation is broadening out and rates have failed below cycle highs for the 2nd time over the intermediate term alleviating that concern. The Elev8 Sector Model recommends an OVERWEIGHT position in XLC vs. the S&P 500 of +3.22% our largest overweight allocation for June

XLC Communication Services SPDR June Outlook—Periphery industries firm up around Blue-Chips META, GOOG/L and NFLX Read More »

GOOG, GOOGL, META, NFLX, T, VZ, XLC

XLB Materials SPDR June Outlook—We like the outlook for XLB better than that of XLE in June against a mixed backdrop for commodities prices

All ETF News, Sector Reports, XLB Materials / Patrick Torbert / ALB, FCX, MLM, SCCO, VMC, XLB

Our new Elev8 sector selection process starts June with an overweight in XLB of 1.68% vs. the sector weight in the S&P 500. We are not quite as sanguine on XLB as that allocation suggests as we are naked the Energy sector in our model and hoping a modest overweight in XLB will hedge us

XLB Materials SPDR June Outlook—We like the outlook for XLB better than that of XLE in June against a mixed backdrop for commodities prices Read More »

ALB, FCX, MLM, SCCO, VMC, XLB

XLF Financials SPDR Outlook—A steadily improving Banking Industry sets the table for XLF success in June

All ETF News, Sector Reports, XLF Financials / Patrick Torbert / AXP, BLK, BX, JPM, SCHW, WFC, XLF

The XLF has improved steadily over the past 9 months. And after a bit of a stumble in May relative to the S&P 500 it looks to be in a very constructive position for June. Our Elev8 Sector Model debuts with an OVERWEIGHT Position in XLF vs. the benchmark S&P 500 of +1.10%

XLF Financials SPDR Outlook—A steadily improving Banking Industry sets the table for XLF success in June Read More »

AXP, BLK, BX, JPM, SCHW, WFC, XLF

XLP Consumer Staples SPDR June Outlook—Staples bottoming process relative to the broad market is still intact

All ETF News, Sector Reports, XLP Consumer Staples / Patrick Torbert / COST, TGT, WMT, XLP

We debut our Elev8 Sector Model with an OVERWEIGHT position in XLP of 1.98%

XLP Consumer Staples SPDR June Outlook—Staples bottoming process relative to the broad market is still intact Read More »

COST, TGT, WMT, XLP

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