In Friday's trading, the S&P 500 gained about 20 basis points in value on a largely mixed day. The results from MSFT and GOOG throttled the tech sector's price performance while the cyclical consumer discretionary sector fell slightly in price. That said, energy, materials, and industrials all gained. Ditto for the less cyclical healthcare and staples sectors.
I will just making note of divergences of the apparent supply and demand in the sector groups versus the aggregate price performance. First off, the staples sector showed highly positive/volume dynamics relative to the overall price gains for the group. More so, the price/volume dynamics were ahead of some sectors exhibiting better overall price gains. Further still, the materials sector's supply and demand balance appears benign.
The following presents the weekly sector and S&P 500 price performance and the price/volume heat map.
a
I will just making note of divergences of the apparent supply and demand in the sector groups versus the aggregate price performance. First off, the staples sector showed highly positive/volume dynamics relative to the overall price gains for the group. More so, the price/volume dynamics were ahead of some sectors exhibiting better overall price gains. Further still, the materials sector's supply and demand balance appears benign.
a
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