Sector Performance – Technology Takes A Backseat To Financials

By | December 12, 2017

Here are performance charts of the S&P Select Sector SPDR funds, over six, three, and one month periods.

The financial sector (XLF) and technology (XLK) have led the group over the last six months.

But technology began fading three months ago, relative to the financials.

This is the one month performance chart and the financial sector is the clear leader in the group, while technology is a laggard.

The Federal Reserve is expected to raise interest rates later this week. That is obviously what has fueled the rise in financial stocks. What has depressed the technology sector is not as clear.

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