21
Jun
2016

Sector Detector: Fundamentals still look solid despite Brexit-induced volatility

After a nice little rally from mid-February until early June, investors started taking chips off the table, ostensibly in anticipation of Thursday’s Brexit vote. But Monday brought a fresh hint of optimism that Britain will vote to remain in the union, and the market responded with a healthy, broad-based rally. On balance, there appear to be good tailwinds for U.S. equities over the near term.

Author: smartindale / Tag: ETF, sectors, iShares, volatility, S&P 500, SectorCast, healthcare, utilities, technology, Consumer Goods, Financial, SPY, VIX, IYF, iyw, IYJ, IYZ, IYC, IYK, IYH, IDU, IYM, IYE, FTEC, FSTA, FHLC, FUTY, FIDU, FNCL, SMH, XPH, KCE, SEA, ITB, IBLN / 0 Comments
01
Jun
2016

Sector Detector: Market breadth improves as investors rotate back to quality

The stock market rally off the February lows initially was led by the usual combination of short-covering, oversold bottom-feeding, and speculation (on “junk"). But then market action started showing signs of improving market breadth and a rotation back into higher quality companies -- the types of companies with characteristics Sabrient typically seeks in our GARP (growth at a reasonable price) selection process. It is notable that price action for the S&P 500 was very similar during 2015 to what occurred in 2011.

Author: smartindale / Tag: ETF, sectors, iShares, volatility, S&P 500, SectorCast, healthcare, utilities, technology, Consumer Goods, Financial, SPY, IWM, RSP, VIX, IYF, iyw, IYJ, IYZ, IYC, IYK, IYH, IDU, IYM, IYE, FTEC, FSTA, FHLC, FUTY, FIDU, FNCL, SMH, CNCR, KBWR, SEA, ITB, KBWD, AAPL, AMZN / 0 Comments