Our Favourite ETF Sector Trades – 13 September 2021 Update
- By John Tierney
- 3 min read
It was a down week, with the S&P 500 dropping by 1.7% and all major sectors ending in negative territory. The big positive news for the week was President Joe Biden’s announcement to impose vaccine mandates for federal workers and private companies with over 100 employees. This move raises the prospect of bringing Covid under control in coming months.
Offsetting that was more worrisome inflation news, with the PPI up 8.3% YoY and more evidence consumers are pulling back from eating out and other activities over concerns about the Delta variant. And extended unemployment benefits ended, which will likely put more pressure on consumer spending. Last but not least was the sombre remembrances all week of the 20th anniversary of 9/11 and ongoing reminders of how little has changed in the war on terrorism.
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