Friday saw a big boost to two ETFS XLY Consumer Discretionary Select Sector SPDR Fund and XLC Communication Services Select Sector SPDR Fund. So what broosted those two ETFs. We just need to look at the core holdings of those two funds and we realize that Amazon and META are part of their top holdings.
If we had one to pick between XLY and XLC which one would we pick. At this moment it is difficult to pick one. Both have a buy signal according to your systems. In addition, both ETFs have room to run if we consider all time high. However, given Meta’s performance we would favor XLC.
