Energy ( XLE
) and Financials ( XLF
) topped the sector list this week. Energy continues to rise while crude oil
prices hit record highs. Financials ( XLF
) is recovering along with yields on Treasury Bonds, which both were hit by the hawkish stance from the Fed last week.
At the bottom of the sector list were the defensive sectors. Utilities ( XLU
) was the only sector to decline this week.
The growth sectors mixed with the cyclical sectors in the middle of the list.