XLI and XLU hitting all-time highs, not XLK
This actually surprised me — out of the 11 SPDR sectors, it's $Industrial Select Sector SPDR Fund(XLI)$ and $Utilities Select Sector SPDR Fund(XLU)$ hitting all-time highs, not $Technology Select Sector SPDR Fund(XLK)$ (dividend adjusted). Among the 11 equal-weight sectors, only $Invesco S&P 500 Equal Weight Utilities ETF(RSPU)$ has reached an all-time high, with $Invesco S&P 500 Equal Weight Communication Services ETF(RSPC)$ not far behind.
Image
Image
Image
This may indicate that lots of popular setups this week in the technology sector are actually trailing behind the broader market and leading sectors that already moved. $CrowdStrike Holdings, Inc.(CRWD)$ etc
For whom haven't open CBA can know more from below:
🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
Find out more here：
Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
