Growth into Value Rotation

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map. 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 lower open

U.S. stocks were set to open slightly lower Tuesday morning.

The S&P 500 (SPY) barely rose…finishing up only +0.03% higher. Sector advancers led decliners 7 to 4 as shown below in the sector graph. Energy (XLE) led advancers higher with a +1.18% gain. Communication services (XLC), financials (XLF), healthcare (XLV), industrials (XLI), materials (XLB) and utilities (XLU) each found minor gains of less than 1%. Real estate (XLRE) led decliners down with a  -1.47% loss. Consumer discretionary (XLY), consumer staples (XLP) and technology (XLK) each suffered small gains of less than 1%.

The Dow added +73 points (+0.28%) to close at 26,909. The Nasdaq ended just below the flatline, losing -3 points (-0.04%) to settle at 8,084.

Growth into Value Rotation

Major averages hovered above and below the flatline on Tuesday.

Tuesday’s moves come as value stocks outperformed their growth counterparts for the second straight session. The iShares Edge MSCI USA Momentum Factor ETF (MTUM) dropped 1.5%. The iShares Edge MSCI USA Value Factor ETF (VLUE) rose 1.4%. Value’s outperformance over the past two sessions worried investors as a rotation away from growth stocks could lead to a broad-market decline. 

Key Takeaways…

I took the following CNBC screenshots today regarding momentum names, cyclical plays, low volatility rules, cyclical rotation, cyclical rally 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

Growth into Value Rotation

S&P 500 (SPY)

Growth into Value Rotation

Communication Services (XLC)

Growth into Value Rotation

Consumer Discretionary (XLY)

Growth into Value Rotation

Consumer Staples (XLP)

Growth into Value Rotation

Energy (XLE)

Growth into Value Rotation

Financials (XLF)

Growth into Value Rotation

Real Estate (XLRE)

Growth into Value Rotation

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map


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