The Consumer Discretionary sector (NYSERCA:XLY) had the largest net sale in nearly two months, according to an Insights and Analytics report from Goldman Sachs' Prime Brokerage team.
The report says the sector had net sales for the third consecutive year. week, during the week ending March 14. It was one of the sectors with the highest amount of net sales, driven entirely by short sales.
In addition, short and long sales of general retail, short sales of hotels, restaurants and leisure, and long and short sales of household durable goods exceeded modest net purchases in textiles, clothing, luxury goods and automobile components.
Goldman Sachs' Prime Book is still overweight the consumer discretionary sector (XLY) compared to the S&P 500 (SP500) by 6.7%, ranking in the 96th percentile, compared to last year, and in the 90th percentile compared to the last five. years, according to the report.
The sector's long/short ratio now sits at 1.98, near a two-year high, and in the 58th percentile compared to the last five years.
Learn more about the Consumer Discretionary Select Sector SPDR ETF:
