Stock Market Sectors Review

Checking in on the 15 sectors that I track regularly. All the 3 major indices are trending bullish. The S&P 500 is up +6.9% over the last 1-month. However, over 3 months, it is still down -4%. The Dow Jones and NASDAQ have similar trends.

Here is the sector view:

The Energy sector has been in the news for a while now. But, in my opinion, the Metals sector has been the real story. The numbers actually tell the story. Going by the continuing issues we are having with supply chain and the rising interest in renewable energy, I expect Metals (and also Materials actually) to continue to rise.

It is good to see that over the last 1 month (trailing time period), 14 of the 15 sectors are positive. Also, 12 of the 15 are trending bullish. Clearly, the market has turned and the apprehensions from the beginning of the year (inflation, interest rates, EU situation) seem to have reduced. The market thinks we will be OK.

Exercise for me - assess Metals and Materials space more closely.