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S&P 500 Sector SPDRs Preview

An analysis of the supply and demand dynamics that are occurring in the S&P 500 Economic Sectors
"Where we are is trying to measure how uncomfortable people are with their positioning. There just hasn't been any follow-through in any rally we've seen in the past few weeks. That's very telling.."
Everyone is expecting a recession in 2020 or beyond, not before, and markets have a tendency to surprise us on the downside. Once a bear market develops, it could get really nasty, really fast.
The Consumer Non-cyclicals sector ranks first out of the 11 sectors as detailed in our 4Q18 Sector Ratings for ETFs and Mutual Funds report. It gets our Very Attractive rating.
There is a tremendous amount of herding going on in the market, which is good until something goes wrong and everyone is looking to exit at the same time.