11th Aug 2020. 3.30pm
UK Sector Snapshot
We have started to see some signs of sector rotation during the last five sessions.
The previously weak Banking and Oil & Gas sectors have started to rally as much of the bad news from their summer earnings seems to have been absorbed.
In contrast, the traditionally resilient Consumer Defensive sector has been hit hard during the last week, following several key players going ex-dividend.
It is not clear whether this is short-term mean reversion, or the start of a bigger picture change in sector dynamics. We will of course keep you updated as to how this emerging sector theme evolves.
This research is prepared for general information only and should not be construed as any form of investment advice.