In this weekly note, we highlight 10 of the most important charts or themes we're currently seeing in asset classes around the world.
Discretionary Takes a Dive
The Large Cap Consumer Discretionary SPDR (XLY) broke below its pre-Covid highs of around $132 last week. The recent price action in XLY is an excellent illustration of how the weakest stocks are performing. We're witnessing a growing list of bearish continuation patterns resolve lower in growth indices as renewed selling pressure grips the market.
