We have seen large increases in earnings moves expectations for the upcoming earnings season. ORATS measures expected earnings moves by studying implied volatility term-structure relationships in options. Sector ETF component weightings are applied to these implied earnings moves and presented below.
The energy ETF is XLE and our designation for the weighted average is adding "_C" so XLE_C represents the weighted average of companies in this ETF.
Energy components' expectations have jumped.
Materials (XLB_C) are way up.
Discretionary is particularly high.
Industrials have risen
Staples have increased.
Banks have a small increase over normal.
Not much change in Healthcare
Technology has been resilient.
Biotech has not seen much increase.