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XLC - The Passive-Aggressive Investor For 3/16-3/20
The Communication Services Select Sector SPDR Fund
It was another brutal week in the markets.
Let's start with the performance tables for the main ETFs I track:The Treasury market moved modestly higher while the total bond market ETFs were off modestly. All the equity ETFs were off sharply; the only difference was the degree of the decline.Looking at the charts, it's possible to argue that some are trying to form a bottom as several charts cluster around recent lows. But that's only been occurring for a week against a very uncertain macro backdrop, meaning it's still possible that a large