11/28/2022
By Charles Payne CEO & Principal Analyst

Thanksgiving week lived up to the hype with another stellar performance. Again, there was a defensive feel with outperformance in Utilities (XLU), Materials (XLB), and Consumer Staples (XLP), but it should be noted all eleven sectors finished the week higher.

Meanwhile, some of the biggest names continue to move lower.

It’s hard to believe more sectors are higher than lower in the S&P 500, but those that carry the most weight have been hammered. However, I should note that Technology (XLK) is holding up better than advertised. Many names in the sector are  actually components of Communication Services (XLC).

To read the full report contact your account executive or email Research@wstreet.com. 

Charles Payne
Wall Street Strategies

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