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This article series shows every month a dashboard with aggregate industry metrics in materials. Most of the companies used to calculate these metrics are holdings of the Materials Select Sector SPDR ETF (XLB). Therefore, this is also a top-down survey of XLB.
Shortcut
If you are used to this dashboard series or if you are short on time, you can skip the first paragraphs and go to the charts. However, reading everything once is necessary if you want to use the metrics for stock picking purposes.