Consumer and Capital Spending Sectors Lead in August

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

Contrary to seasonal tendencies, August has been a strong month for the stock market. The Sector PerfChart shows the S&P 500 SPDR (SPY) up just over 3% since July 31st. Of the nine sectors, the Industrials SPDR (XLI) and the Consumer Discretionary SPDR (XLY) are up over 4% and showing upside leadership. This is a positive because the consumer discretionary sector covers the consumer-spending portion of the economy and the industrials sector represents companies that benefit from capital spending.


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Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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