The auto sector, composed of economically sensitive stocks, was generally strong.

"I thought the place to be concentrated was in economically sensitive stocks."

The stock market weakness yesterday was concentrated in economically sensitive stocks.

"Interest rate sensitive stocks were particularly weak," he added.

But until then, he predicted, economically sensitive stocks will fall.

The Dow's recovery was helped by strong performance from economically sensitive stocks.

"And in a stronger economy, economically sensitive stocks look better."

That report might point to a strengthening of the recovery, but it did not touch off a strong rally in stocks sensitive to the economy.

Meanwhile, investors chose to take profits in economically sensitive stocks.

"And the Dow is made up of 30 economically sensitive stocks."