Trade Talks Wear On The Market - Market Roundup

May 13 16:05 2019 Print This Article

After a rough week of market action, hiding was difficult as the trade brush painted everything with the same colour - red. Every sector was in trouble, but the growth sectors were the weakest.

While the market weakness may have surprised a few, this is now the third straight week that the defensive sectors drove the leadership. The chart below shows the sector performance over the last three weeks. The right side of the chart hosts the defensive sectors and the left side of the chart has the growth sectors. In the bottom right hand corner, you can see the 15-day date range. Notice the dates in the top left under the legend. 

Last week saw the transports getting beaten up, with trucking in particular having a terrible week. The upper panel shows trucking continuing to underperform the overall market.

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