Sector Scopes March 2021 & iShares US Home Construction ETF (ITB)

Some of the fear that gripped certain equity market sectors appears to have eased over the last few days. Although the rise in traded interest rates which rattled some traders earlier this month has continued, statements from central bankers in recent days have indicated that they expect inflation to remain contained, and their current stimulus programs to continue at current levels in North America and to increase in Europe. In this issue of Equity Leaders Weekly, we take a look at what the Sector Scopes feature in SIA Charts is telling us about investor confidence and capital rotation between equity market sectors, and at a recent breakout by the homebuilding sector.

Dow Inc. (DOW)

Chemical producer Dow Inc. (DOW) has consistently been in the Green Favored Zone of the SIA S&P 100 Index Report since June, and is currently on the rise once again. Yesterday the shares finished in 12th place, up 2 spots on the day and up 13 spots over the last month. Since we last mentioned DOW in the August 11th edition of the Daily Stock Report, the shares have climbed 47.3%.

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