The Diverging Market

This chart shows what’s been happening with the market recently. The “sell in May” memo apparently didn’t get to everyone.

The three defensive ETFs, Staples ($XLP), Utilities ($XLU) and Healthcare ($XLV), aren’t doing so badly.

But the real damage is happening to the cyclical ETFs: Industrials ($XLI), Energy ($XLE) and Materials ($XLB).

Posted by on May 16th, 2012 at 2:49 pm


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