Last week was an eventful one, but one that did produce big weekly moves in either direction for the major U.S. equity indexes.
"For October, all three major indexes posted their biggest percentage increases since October 2011, with the S&P 500 rising 8.3 percent, led by energy and materials," Reuters reported.
Translation: The Energy Select Sector SPDR (NYSE: XLE) and the Materials Select Sector SPDR (NYSE: XLB) finished October with monthly gains of 10.9 percent and 12.2 percent, respectively. Let that sink for a minute because for as impressive as those showings were for XLE and XLB, those ETFs are still 10.4 percent year-to-date, making them two of the worst-performing sector SPDR ETFs. XLE is the worst with a 2015 loss of 14.1 percent.
Consumer Discretionary?
Keeping with the theme of sector funds, as prosaic as it sounds, the time could be right for the Consumer Discretionary ...
/www.benzinga.com/trading-ideas/long-ideas/15/11/5953803/etf-week-ahead-preview-hoping-for-no-november-rain alt=ETF Week Ahead Preview: Hoping For No November Rain>Full story available on Benzinga.com
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