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RE: SPDR Sector Relative Strength Analysis Report For Week Starting 5/13/19
It is incredible to see how the technology sector has really maintained its relevance despite being close to a cyclical top in the market. I think they too will soon start to see lower demand for their products which could start to the more concrete downturn in the markets soon.
As long as healthcare lags, there might be more upside in tech and consumer discretionary. I was surprised to see energy lag like this with oil up 40% this year, but a top in energy also signals a top, but it appears we aren't there yet.