
Energy Snaps Its Winning Streak… What’s Next?
For the first week since the war in Iran began, a sector other than energy led the market higher.
In fact, the State Street Energy Select Sector SPDR ETF (XLE) was the worst-performing sector last week, down 3.7%.
Most sectors were higher, with the State Street Real Estate Select Sector SPDR ETF (XLRE) leading the pack, up 3.3%. The S&P 500 Index was up 1.7% on the week, breaking its losing streak.
Is the epic run in energy over?
This post originally appeared at Money & Markets.
