Bonnie’s Market Update 8/23/24
A broad rally last week. Ten of the eleven S&P SPDR sectors were higher last week. Real Estate (XLRE) and Consumer Discretionary (XLC) were the best sectors, while Technology (XLY) and Energy (XLE) were the weakest. The SPDR S&P 500 ETF Trust (SPY) gained +1.41%.
S&P SPDR Sector ETFs Performance Summary 08/16/24 – 08/23/24
Source: Stockcharts.com
Figure 2: Bonnie’s ETFs Watch List Performance Summary 08/16/24 – 08/23/24
Source: Stockcharts.com
Small Caps, both Growth and Value, came to life last week. Most gains in Small Caps were on Friday after Fed Chair Powell indicated rate cuts ahead.
Let’s explore this week’s market charts and more.
You can view the latest Market Charts HERE.
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