U.S. stocks closed higher for a fourth consecutive day. That is a good start to a week in which nearly a third of the Dow’s 30 components report quarterly results.
This week is also viewed as pivotal to the fortunes of the bears. If they cannot inflict some damage this week, it could be off to the races for the bulls into year-end. After all, October is the last month in the worst six-month cycle for stocks and the month when multiple bear markets have passed away. [October Brings Opportunity for These ETFs]
In terms of Monday’s ETFs trading with unusually high volume, the top-20 was comprised of nine sector funds and a pair of dividend ETFs. Activity was spread across the several sectors, as the chart below, courtesy of WallachBeth Capital, highlights.