Energy Runs Against The Grain

Weakness in the consumer discretionary sector continues to spread, with 21.3% of the sector’s stocks trading at 52-week lows on Wednesday compared to none at 52-week highs. Energy sits at the other end of the spectrum, with 23.8% of its stocks at 52-week highs, the highest share of any sector. Consumer Staples, Industrials, and Real Estate all closed in extreme oversold territory on Wednesday.

Weakness in the consumer discretionary sector continues to spread, with 21.3% of the sector’s stocks trading at 52-week lows on Wednesday compared to none at 52-week highs. That puts the net reading at -21.3%, a new 52-week low and the