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Markets Show "Rotation" During Week

A change in sentiment? This week saw interesting rotation in the markets.

--Beaten up financials were looking for a bottom, with the largest ones up for the week.

--Retailers showed no signs of bottoming, most of the large ones at 52-week lows.

--Ditto for restaurants.

--Market leaders like consumer & energy stocks looked weak.

--Drugs are the new leaders.

For the week, Dow down 1.5 percent, S&P down 0.7 percent, NASDAQ down 2.4 percent.

As I mentioned before, I know everyone wants to hear from financials next week, but the more important comments will come on the global economy from our parent General Electric , as well as Intel and IBM .



Questions? Comments? tradertalk@cnbc.com

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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