Sector Spotlight: Tech & Comm Rally Into October
In this edition of Sector Spotlight, with September drawing to an end, I dive into the monthly seasonality, finding some very interesting seasonal patterns for Technology and Communication Services on the one hand and Energy and Health Care on the other. History suggests a 2% out-performance for Technology in October, while the S&P closed higher almost 70% of the time with an average return of 1.6%. Combine that with a strong rotation on the RRG and we're looking at another stellar month coming up for Technology.
Sector Spotlight airs weekly on Tuesdays at 10:30-11:00am ET. Past episodes can be found here.