Despite starting the week in last place, Energy (XLE) rose to the top of the sector list starting from Tuesday as the first vaccine doses were made available in the UK. That positive vaccine news boosted the sector that is likely to benefit from the increased activity in travel and leisure sectors.
Communications (XLC) led at the beginning of the week, but could not keep up with Energy and finished the week in second.
Utilities (XLU) also had moments of leadership on Monday and Tuesday. The sector is a defensive play in equities and an alternative to moving money into other safe havens such as bonds.
Real Estate (XLRE) was the worst performing sector for the week.
Technology (XLK) that heavily impacts market performance, underperformed the S&P 500 this week.
Communications (XLC) led at the beginning of the week, but could not keep up with Energy and finished the week in second.
Utilities (XLU) also had moments of leadership on Monday and Tuesday. The sector is a defensive play in equities and an alternative to moving money into other safe havens such as bonds.
Real Estate (XLRE) was the worst performing sector for the week.
Technology (XLK) that heavily impacts market performance, underperformed the S&P 500 this week.
