It was a volatile week in the indexes and the sector list as investors rotated on the Fed's new hawkish stance toward inflation. Energy (XLE) led early in the week, but Technology (XLK) topped the list by the end of the week, ending the week as the only sector to hold onto gains.
In second place was Consumer Discretionary (XLY). Growth stocks remained strong compared to Value stocks even in the sell-off that occurred on quadruple witching Friday.
The cyclical sectors were at the bottom of the weekly sector list, with Materials (XLB) having the worse performance among a drop in commodity prices.
In second place was Consumer Discretionary (XLY). Growth stocks remained strong compared to Value stocks even in the sell-off that occurred on quadruple witching Friday.
The cyclical sectors were at the bottom of the weekly sector list, with Materials (XLB) having the worse performance among a drop in commodity prices.
