Carnegie Investment Counsel Blog

 

Sector Performance, Smartphones & March Madness

Posted by Raz Pounardjian on Mar 28, 2017 4:45:31 PM


Checking in at the quarter mile mark

With about 1/4th of the year almost over, I thought it would be good to check in on what market sectors are performing the best and worst thus far in 2017. Below is a table that shows the S&P 500 return YTD and each sector of the S&P 500. It is interesting to note that the sector that most Wall Street strategists recommended buying at the start of this year (financials) is underperforming the overall market. Also, other so-called “Trump Trade” sectors such as industrials and energy are underperforming so far. On the other side of the coin, consumer staples and utilities were universally unloved by this same group, yet they are outperforming the S&P 500. We don’t want to draw too much from this but it is nonetheless something to note, especially considering how often we hear about narratives in regards to price action on Wall Street. See the previous 2017 Stock Market Contest Blog
 

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Topics: TV, Sectors, NCAA, S&P 500, performance, "Trump Trade", Smartphone

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