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After a day like yesterday, today is a risk off day kind of day as well. The sectors you would expect to see rise to the top should the market decline overall rose to the top in what looks like a flip of our sector lists. Defensive sectors rose to the top with Tech, Discretionary and Energy falling to the bottom.
iShares U.S. Aerospace & Defense ETF (ITA)
With all that’s going on around the world and if the market continues to turn course and head lower, Defense is an area of the market you can look at to outperform areas like Tech and Discretionary. It could be a short lived move and if the market turns around this sector could become a laggard again.
Utilities Select Sector SPDR ETF (XLU)
Another sector to keep an eye on if the market makes a U-turn is the Utilities Sector. Any sector that typically performs well in a bearish market will flip to…
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