Sector Changes
The market is sitting at all-time highs after a nice climb over the last 3 ½ weeks which erased the sell-off that occurred at the end of September through mid-October. During this run of the market, as well as the overall bullish performance of the market this year, you would expect all sectors would be enjoying the move. However, this is not the case.
According to the sector performance on Finviz.com, the Basic Materials sector has lost ground over the last week, the last month, the last 3 months, the last 6 months, and year to date. Other than the consistent under performance of Basic Materials, there seems to be some changes occurring.
The Healthcare sector has been the top performer over the last year, the last 6 months, and the last 3 months. However, in the last month, Healthcare has dropped to the bottom half of the sectors in its performance and is the worst performer in the last week.
On the flip side, the Industrial Goods sector has been either the bottom 2 or 3 worst performers until the last month where it was the top performing group and the 3rd best performing group in the last week.
The other sectors haven’t had any significant changes over these time frames. This would seem to indicate some rotating of money into the Industrial Goods sector and leaving the Healthcare sector.
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