Trade Soap Opera Remains on Radar

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as the trade soap opera remains on radar. 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. stock index futures were slightly lower Wednesday morning.

The S&P 500 (SPY) slipped -0.04% today. Sector advancers led decliners 6 to 5 as shown below in the sector graph. Real estate (XLRE) led advancers higher with a gain of +1.41%. Communication services (XLC), consumer discretionary (XLY), energy (XLE), healthcare (XLV) and utilities (XLU) each enjoyed minor gains of less than 1%. Consumer staples (XLP), financials (XLF), industrials (XLI), materials (XLB) and technology (XLK) each suffered small losses of less than 1%.

The Dow Jones index dropped -27 points (-0.10%) to close at 28,239. The Nasdaq added +4 points (+0.05%) to settle at 8,827.

Trade Soap Opera Remains on Radar

Stocks ended flat Wednesday as investors evaluate the recent run and stocks performance in 2019.

“We think trade is going to be an ongoing soap opera,” said Frank Rybinski, chief macro strategist at Aegon Asset Management. “But for now, it’s good enough to give some relief to the markets.” He said the firm expects stocks post mid-single-digit gains in 2020 after a blistering performance this year.

The S&P 500 has rallied more than 27% year to date and is on pace for its biggest one-year gain since 2013. The Dow and Nasdaq have surged in 2019 by 21% and 33%, respectively.

Key Takeaways…

I took the following CNBC screenshots today regarding sizing up the global economy, 2020 risks, gauging sentiment 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

Trade Soap Opera Remains on Radar

S&P 500 (SPY)

Trade Soap Opera Remains on Radar

Communication Services (XLC)

Trade Soap Opera Remains on Radar

Consumer Discretionary (XLY)

Trade Soap Opera Remains on Radar

Consumer Staples (XLP)

Trade Soap Opera Remains on Radar

Energy (XLE)

Trade Soap Opera Remains on Radar

Financials (XLF)

Trade Soap Opera Remains on Radar

Real Estate (XLRE)

Trade Soap Opera Remains on Radar

Healthcare (XLV)

Industrials (XLI)

Materials (XLB)

Technology (XLK)

Utilities (XLU)

S&P 500 Sector Heat Map


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