On the last trading day last week, the S&P 500's value fell by 60 basis points as all sector groups, sans utilities fell in value. This is reflected in the below table.
Although the weakness on a price basis was broad-based, the price/volume heat map was more showed more positive underlying supply/demand dynamics. What stands out to me is the 'block of blue' (with blue indicating either stronger demand on higher prices or lower supply on falling prices) in the consumer discretionary and staples sectors along with the industrials, healthcare, telecom, and to a lesser extent tech and materials. This suggests to me modest propensity to sell at lower prices, at least as Friday trading dynamics is concerned. This can be seen in the two below charts.
For the week, the S&P 500 declined in value by about 100 basis points on a sell off in riskier or more cyclical sectors.
I would say the weekly performance is largely reflected in the price/volume heat map (shown below), but it is interesting to note that the price weakness was not necessarily reflected in the supply/demand dynamics in discretionary names or industrials.
Although the weakness on a price basis was broad-based, the price/volume heat map was more showed more positive underlying supply/demand dynamics. What stands out to me is the 'block of blue' (with blue indicating either stronger demand on higher prices or lower supply on falling prices) in the consumer discretionary and staples sectors along with the industrials, healthcare, telecom, and to a lesser extent tech and materials. This suggests to me modest propensity to sell at lower prices, at least as Friday trading dynamics is concerned. This can be seen in the two below charts.
For the week, the S&P 500 declined in value by about 100 basis points on a sell off in riskier or more cyclical sectors.
I would say the weekly performance is largely reflected in the price/volume heat map (shown below), but it is interesting to note that the price weakness was not necessarily reflected in the supply/demand dynamics in discretionary names or industrials.
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