Industrial and Financial Sectors Threatening to Break Out
4 sectors are currently outperforming the market and have been doing so quietly for some time without much fanfare:
- Consumer Staples
- Healthcare
- Utilities
- Real Estate
These 4 sectors indicate Wall Street is moving to “risk off” mode. However, the industrial sector (chart included here, Ticker: XLI), as well as the financial sector, is threatening to break out.
If the industrial sector does in fact break out, it will indicate the 15 or so better-known INDUSTRIES within the sector will follow.
A breakout here can be considered bullish for the economy.
But as of current, the genuine breakout hasn’t transpired yet. Best to sit back and wait.
The next EquiPredict model low inflection point for the industrial sector (bullish bias) is around 10/14/24.