Welcome back for another Top Down Trade of the Week.
This is a classic leadership scan.
We start with the best sectors, then drill into the subgroups. We pick one, and then take a look at the top stocks in it.
With a touch of volatility this week, the value groups really stood out. Healthcare, real estate, and energy surged on our leaderboard while financials and industrials held their ground.
There is zero buzz around financials right now, but the relative strength has been building as XLF rebounds off a critical level. The sector is sitting tight on our leaderboard as rotation pulls money away from growth and toward names with more economic sensitivity.
Banks are at the forefront of that move, and that internal leadership is hard to ignore.
This is our overall industry rankings, showing Diversified Banks making a strong move up 26 spots to sit at 7th.
Here are the top-performing names in the Diversified Banks industry, ranked by relative strength.
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