Real Estate And Utilities Giving Up Ground

Bespoke Investment Group 48.89K Followers Follow Summary On Friday, the S&P 500’s percentage of stocks above their 50-DMA fell to 53.7%, the lowest reading for the index since 6/17. Real Estate and Utilities are two of the most extreme examples of the recent deterioration. Real Estate's reading has fallen 35.9 percentage points in four trading days, from 60% down to 24.1%. Utilities, on the other hand, has been oversold for nine straight days and is now back in extreme oversold territory as of Friday. Torsten Asmus/iStock via Getty Images On Friday, the S&P 500’s percentage of stocks above their 50-DMA fell to 53.7%, the lowest reading for the index since 6/17. Five sectors (Consumer Discretionary, Industrials, Real Estate, Technology, and Utilities) now have fewer than half their members above This article was written by Bespoke Investment Group 48.89K Followers Follow Bespoke Investment Group provides some of the most original content and intuitive thinking on the Street. Founded by Paul Hickey and Justin Walters, formerly of Birinyi Associates and creators of the acclaimed TickerSense blog, Bespoke offers multiple products that allow anyone, from institutions to the most modest investor, to gain the data and knowledge necessary to make intelligent and profitable investment decisions. Along with running their Think B.I.G. finance blog, Bespoke provides timely investment ideas through its Bespoke Premium (https://bespokepremium.com/) subscription service and also manages money (https://bespokepremium.com/mm) for high net worth individuals. Visit: Bespoke Investment Group (https://bespokeinvest.com/)