Up here in the Northeast, Autumn seemed to literally come right before our eyes this weekend as the solid green blanket of foliage still in place Saturday morning gave way to the annual mosaic of yellows, oranges, and reds by Sunday afternoon. It really came quick!
In the market last week, we also saw some big shifts in performance as sectors like Consumer Discretionary, Technology, and Consumer Staples all sold off and dropped below their 50-day moving averages, while sectors like Financials and Energy moved in the other direction. Whether or not this is part of a longer-term cyclical shift remains to be seen, but the picture is no longer as green as it once was.
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