Sector Winners and Losers week ending 4/1

Communications (XLC) did not top the sector list for a single day, but it's steady gains throughout the week put it at the top of the weekly chart.

Utilities (XLU) started the week on top. Investors were nervous on Monday about the lasting impact of the Suez Canal blockage and whether a 20B fire sale of Archegos investments would grow or even expand to other firms. Utilities popped back into the story late on Wednesday when a sudden pop and sell-off in big tech occurred in the final hour.

Financials (XLF) was also impacted by the Archegos drama on Monday. By Tuesday, the damage was contained and higher treasury bond yields provided a life to the sector, making it the top performer for the day.

Technology (XLK) got a boost on Wednesday when Microsoft announced news of an augmented reality deal with the US Army. That spike sold off quickly, but the buyers came back in on Thursday, bringing the Technology sector up to second place for the week.

Energy (XLE) spent most of the week at the bottom of the list. Higher-then-expected demand for oil and gas and a generally positive outlook for economic growth brought the sector gains on Thursday that lifted it from the bottom.

Consumer Staples (XLP) ended the week as the worst performing sector. The rotation out of staples could continue as investors see consumers return to normal spending habits in a strengthening economic cycle.
Beyond Technical AnalysisspdrSPX (S&P 500 Index)XLCXLEXLFXLKXLPXLU

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