TSLA - Quarter's retrospective unearths Covid trend expectations
It was a quarter that saw US Covid deaths rise after a summer taper. But markets seemed to see past the pandemic and bid up sectors and stocks that could benefit from a potential reopening anyway.The Consumer Discretionary Select Sector SPDR ETF (XLY) was the best performer of the major sector ETFs monitored by the Seeking Alpha ETF tracker.The XLY was on track Wednesday to close up 16% for the quarter, well ahead of the 10% gains for the S&P 500 (SPY).The quarter also saw cyclical sectors lead. The Materials Select Sector SPDR ETF (XLB) and Industrial Select Sector SPDR ETF (XLI) both gained about 15% to finish behind the XLY.The Technology Select SPDR ETF (XLK), which has led markets with gains of 26% YTD, added 15% over the quarter.But the woes of the energy sector continued to mount. The Energy Select Sector SPDR ETF registered the worst performance for
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Quarter's retrospective unearths Covid trend expectations