October 14, 2020, 12:46 pm EDT
Nothing But Energy
Market pulls back today mildly with DJIA -0.5%, S&P 500 -0.6% and Nasdaq -0.9%. But energy stocks occupy all top 10 leadership spots in the S&P 500 as shown. However, the energy sector (ETF: XLE +1.8%) is not a leader at all based on weekly and monthly performance. Thus, it is a rebound not an emerging leader.
Meanwhile, industrial and material look likely to be the next leading sectors.
