08/20/2014 Sector Update

The Sector Model has dipped slightly -- slightly -- in favor of Industrials (XLI):

	Small Value	Mid Value	Large Value	Small Blend	Small Growth	Mid Blend	Large Blend	Large Growth	Mid Growth
Industrial	1	4	7	10	13	20	24	49	66
Finance	2	5	8	11	14	21	25	51	67
Utilities	3	6	9	12	15	22	27	52	68
Staples	16	17	18	23	29	47	50	65	75
Cyclicals	19	28	33	36	41	55	57	70	77
Healthcare	26	32	37	39	44	58	60	72	78
Energy	30	34	38	42	45	61	63	73	79
Materials	31	35	40	43	46	62	64	74	80
Technology	48	53	54	56	59	69	71	76	81

This is neither bullish nor bearish.  XLI is actually typical of a mid bull correction, but the weight of both sector and style models is in a late bear.

More QE confusion.  It was confusing going in, and it's confusing going out.  Hooray for Jackson Hole.  I hope we'll have an end to all this soon.