Sector Rotation in Q3
Q2 Sector Performance
Q3 Sector Performance
Click chart to view better. Some observations from the charts above:
-Energy sector remained the strongest sector, though its strength has waned somewhat in Q3
-Tech, Materials, Industrial and Consumer Staples sectors have caught up in Q3 with some nice growth
-Financials and Consumer Discretionary sectors continued to remain weak.
I have actually prepared the Sep month sector performance, but am having difficulties uploading in blogger. I just want to point out that in Sep, Materials growth has shot up considerably, outperforming Energy, while Financials and Consumer Discretionary weakness see some improvement in Sep. You can go to stockcharts.com sector performance to get these charts and find out more about the sector rotation model.
Related post: Where to Get Sector Rotation Information?
Mon: ISM Index
Tue: Pending Home Sales
Wed: ISM Service
Thurs: ECB President Trichet speaks following interest rate announcement
Edit: Notable earnings: RIMM
Fri: Unemployment rate, Non-farm payroll, Fed Governor Kohn speaks about economic outlook
All eyes are on the important Unemployment Rate reading this Friday. We'll see...