Gossip on Sector ETF Rankings - July 11, 2011

S&P 500 (SPY) fell 1.8% today in face of ugly news erupted this weekend. XLF fell 2.7% and XLE fell 2.4%. Thus our long XLE / short XLF strategy still returned a combined positive 0.3% when the market collapsed. It appears to be an effective strategy to protect from downside risks.