Trade Talks Plus Higher Rates Take Weekly Spotlight

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 after trade talks plus higher rates take weekly spotlight. 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: Trump vows ‘to protect’ students after Texas school shooting

North Korea suspends talks with South Korea, Supreme Court strikes down betting ban on states and U.S. birthrate hits 30-year-low.

The S&P 500 (SPY) fell -0.54% this week as trade talks plus higher rates take weekly spotlight. Sector advancers tied decliners 5 to 5 as shown below in the sector graph. Energy (XLE) led advancers with a +1.80% gain on the week. Not far behind was materials (XLB) with a +1.65% advance. Consumer staples (XLP), healthcare (XLV) and industrials (XLI) each had minor gains of less than 1%. Real estate (XLRE) led decliners down with a 3.08% weekly loss. Utilities dropped -2.76% for the week. Financials (XLF) and technology (XLK) each lost more than 1%. Consumer discretionary (XLF) only lost less than 1% on the week.

The Dow Jones index looked like it barely moved for the week, only losing -0.62% the past 5 days. The Nasdaq gave back -1.18% on a weekly basis.

Trade Talks Plus Higher Rates Take Weekly Spotlight

A tweet by President Trump pledging to help Chinese tech firm ZTE was seen as US China trade tensions easing lifted stocks on Monday.

Trade Talks Plus Higher Rates Take Weekly Spotlight

A combination of Home Depot’s weaker than expected sales and the 10 year bond yield snapped the Dow’s win streak on Tuesday. Macy’s better than expected earnings report alongside the broader retail sector helped stocks advance on Wednesday. Comments from President Trump regarding China trade talks forced stocks in the red Thursday. A key point was bought up in Thursday’s CNBC summary article…there is a tug of war going on between the positives and negatives on Wall Street. Positives: good economic data, strong earnings and tax cuts. Negatives: geopolitics, high interest rates and trade talks with China. A majority of stocks fell on Friday as trade negotiations between the US and China weighed on investor sentiment.

Weekly performance of the S&P 500 (SPY) top 10 holdings…

  • AAPL -1.21%
  • MSFT -1.37%
  • AMZN -1.78%
  • FB -2.30%
  • JPM -2.40%
  • BRK.B -1.63%
  • XOM +0.03%
  • JNJ -2.36%
  • GOOG -2.90%
  • GOOGL -3.06%

The following are key daily takeaways…daily CNBC screenshots I’ve taken in the morning regarding market sentiment, market performance and other market insight:

Monday…

Trade Talks Plus Higher Rates Take Weekly Spotlight

Trade Talks Plus Higher Rates Take Weekly Spotlight

Trade Talks Plus Higher Rates Take Weekly Spotlight

Trade Talks Plus Higher Rates Take Weekly Spotlight

Tuesday…

Trade Talks Plus Higher Rates Take Weekly Spotlight

Wednesday…

Trade Talks Plus Higher Rates Take Weekly Spotlight

Thursday…

Trade Talks Plus Higher Rates Take Weekly Spotlight

Trade Talks Plus Higher Rates Take Weekly Spotlight

Friday…

Trade Talks Plus Higher Rates Take Weekly Spotlight

Trade Talks Plus Higher Rates Take Weekly Spotlight

Trade Talks Plus Higher Rates Take Weekly Spotlight

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 Talks Plus Higher Rates Take Weekly Spotlight

S&P 500 (SPY)

Trade Talks Plus Higher Rates Take Weekly Spotlight

Consumer Discretionary (XLY)

Trade Talks Plus Higher Rates Take Weekly Spotlight

Consumer Staples (XLP)

Trade Talks Plus Higher Rates Take Weekly Spotlight

Energy (XLE)

Trade Talks Plus Higher Rates Take Weekly Spotlight

Financials (XLF)

Trade Talks Plus Higher Rates Take Weekly Spotlight

Real Estate (XLRE)

Trade Talks Plus Higher Rates Take Weekly Spotlight

Healthcare (XLV)

Trade Talks Plus Higher Rates Take Weekly Spotlight

Industrials (XLI)

Trade Talks Plus Higher Rates Take Weekly Spotlight

Materials (XLB)

Trade Talks Plus Higher Rates Take Weekly Spotlight

Technology (XLK)

Trade Talks Plus Higher Rates Take Weekly Spotlight

Utilities (XLU)

Trade Talks Plus Higher Rates Take Weekly Spotlight

S&P 500 Sector Heat Map

Trade Talks Plus Higher Rates Take Weekly Spotlight

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