Early Start to Santa Claus Rally

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map after an early start to the Santa Claus rally. 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 today’s action on Wall Street provided by CNBC:

US futures point to slightly higher open

U.S. stock index futures were slightly higher Tuesday, after registering their fourth straight day of gains in the previous session.

The S&P 500 (SPY) barely moved, gaining +0.03% today. Sector decliners led advancers 6 to 5 as shown below in the sector graph. Real estate (XLRE) led decliners down with a -1.08% loss. Communication services (XLC), consumer staples (XLP), healthcare (XLV), industrials (XLI) and technology (XLK) each suffered small losses of less than 1%. Consumer discretionary (XLY), energy (XLE), financials (XLF), materials (XLB) and utilities (XLU) each enjoyed minor gains of less than 1%.

The Dow Jones index added +31 points (+0.11%) to close at 28,267. The Nasdaq finished in the green by +9 points (+0.10%) to settle at 8,823.

Early Start to Santa Claus Rally

Stocks continued their recent rally as the Santa Claus rally gets an early jump start.

“Yesterday’s surge has helped this parabolic rally to continue, and while overbought now, … there hasn’t been any evidence of price reversing course,” said Mark Newton, managing member of Newton Advisors, in a note.

The move higher follows a preliminary trade agreement between the world’s two largest economies. Late last week, President Donald Trump and Chinese officials announced that the U.S. and China had agreed to a so-called “phase one” agreement.

Key Takeaways…

I took the following CNBC screenshots today regarding 2020 risks, decade of transformation, JPM 2020 best ideas and driving the action:

Notable S&P 500 Movers…

Below I’ve highlighted some notable S&P movers (both winners & losers).

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

Early Start to Santa Claus Rally

S&P 500 (SPY)

Early Start to Santa Claus Rally

Communication Services (XLC)

Early Start to Santa Claus Rally

Consumer Discretionary (XLY)

Early Start to Santa Claus Rally

Consumer Staples (XLP)

Early Start to Santa Claus Rally

Energy (XLE)

Early Start to Santa Claus Rally

Financials (XLF)

Early Start to Santa Claus Rally

Real Estate (XLRE)

Early Start to Santa Claus Rally

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map


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