China Trade Plus Turkish Lira Dominate Headlines

Here is a weekly recap of the S&P 500 broken down by sector (holding weightings %, YTD % and % of portfolio in top 10 holdings) followed by sector heat map as China trade plus Turkish lira dominate headlines. Stocks in heat map are based on the top 10 holdings of each sector ETF. Click on each picture to zoom in. Below is a summary of this week’s action on Wall Street provided by CNBC:

Week in Review: Turkish lira crisis unsettles markets

Turkish lira hits record lows, Russia responds to US sanctions, Queen of Soul Aretha Franklin dies and President Trump says Robert Mueller is “conflicted.”

The S&P 500 (SPY) added +0.59% this week. Sector advancers beat decliners 8 to 4 as shown below in the sector graph. Consumer staples (XLP) +3.34%, real estate (XLRE) +3.01% and utilities (XLU) +2.89% led advancers. Healthcare (XLV) +1.63% and industrials (XLI) +1.61% also enjoyed nice gains. Financials (XLF) and technology (XLK) each had minor gains of less than 1%. Energy (XLE) -3.56% led decliners down. Communication services (XLC) also had a -1.34% loss. Consumer discretionary (XLY) and materials (XLB) each had small losses of less than 1%.

The Dow Jones index (DIA) climbed +1.27% this week. The Nasdaq (QQQ) was flat, losing -0.37% this week.

China Trade Plus Turkish Lira Dominate Headlines

Turkey’s currency continued to fall on Monday, leaving investors to proceed with caution. The Dow and the S&P 500 both ended 4 day losing streaks on Tuesday as some of the Turkish financial crisis worries lessen. Slowing retail sales growth in Macy’s earnings report triggered the stock to plummet and leading to an overall market selloff on Wednesday. Stocks jumped higher on Friday after a report said President Trump and Chinese leader Xi hope to meet in November to discuss trade.

Key Takeaways…

I took the following CNBC screenshots this week regarding market issues, commodities drop, sources of concern, markets: tightly wound and stocks: where we stand:

China Trade Plus Turkish Lira Dominate Headlines

China Trade Plus Turkish Lira Dominate Headlines

China Trade Plus Turkish Lira Dominate Headlines

China Trade Plus Turkish Lira Dominate Headlines

China Trade Plus Turkish Lira Dominate Headlines

Weekly Performance of S&P 500 (SPY) Top 10 Holdings:

  • AAPL +4.84%
  • MSFT -1.30%
  • AMZN -0.22%
  • FB -3.58%
  • BRK.B +0.73%
  • JPM -0.83%
  • GOOG -2.96%
  • GOOGL -2.93%
  • JNJ +2.85%
  • XOM -1.46%

Credit: Sector Graph provided by Sector SPDR app. Sector breakdown provided by Charles Schwab. Sector heat map provided by finviz. Information Credit: News Headlines and quotes were taken from CNBC in the writing of this post.

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S&P 500 Sector Graph

China Trade Plus Turkish Lira Dominate Headlines

S&P 500 (SPY)

China Trade Plus Turkish Lira Dominate Headlines

Communication Services (XLC)

China Trade Plus Turkish Lira Dominate Headlines

Consumer Discretionary (XLY)

China Trade Plus Turkish Lira Dominate Headlines

Consumer Staples (XLP)

China Trade Plus Turkish Lira Dominate Headlines

Energy (XLE)

China Trade Plus Turkish Lira Dominate Headlines

Financials (XLF)

China Trade Plus Turkish Lira Dominate Headlines

Real Estate (XLRE)

China Trade Plus Turkish Lira Dominate Headlines

Healthcare (XLV)

China Trade Plus Turkish Lira Dominate Headlines

Industrials (XLI)

China Trade Plus Turkish Lira Dominate Headlines

Materials (XLB)

China Trade Plus Turkish Lira Dominate Headlines

Technology (XLK)

China Trade Plus Turkish Lira Dominate Headlines

Utilities (XLU)

China Trade Plus Turkish Lira Dominate Headlines

S&P 500 Sector Heat Map

China Trade Plus Turkish Lira Dominate Headlines

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