Wendy Boyd
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Wendy Boyd in Historical Parallels,

Worst becomes first

Energy still October’s best performer with Monday selloff


Battered energy, materials, and industrials stage October rally.

Market strategists are split in their opinion when it comes to the recent rally in the S&P 500’s weakest sectors of the year: While some think it is the bull market gathering its second wind, others see it as an unsustainable bear rally.

According to Sam Stovall, Dow Jones Industrial Average, the S&P 500 index and the Nasdaq Composite Index all exiting correction territory. So it should come as no surprise that the worst sectors of the correction are now the leaders.

S&P Capital IQ

Historically speaking: Worst becomes first.

So shall I consider the exchange-trade fund route with the Energy Select Sector SPDR ETF, the Materials Select Sector SPDR ETF and the Industrials Select Sector ETF?