Pages

Thursday, December 22, 2011

Financials Outperforming Slightly in December

Financials (represented by XLF) may be lagging the S&P significantly for the year, but for December at least, they're actually leading a bit.  For the month, XLF is up 1.29% while the S&P is down 0.35%.  For the year, the XLF is down a punishing 18.64%, while SPY is down 0.84%.


Typically, December is a month for traders to press winners and losers--meaning that what has gone up for the beginning of the year continues to move higher in December while the opposite is true of what has gone down.

No comments:

Post a Comment

For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at Skrisiloff@avondaleam.com.