US Sector Update: Wednesday, September 8, 2010

Telecom continued its hot streak last week as it became the top sector.  Large-cap names have outpaced the S&P 500 by more than 9% in each of the 3-month, 6-month, and 12-month readings.  Utilities have also continued to run in both the mid-cap and large-cap space as the sector moved to an overweight position.  These companies have the strongest readings in the 3-month numbers for both the S&P 400 and S&P 500, and they are ranked second in the 6-month readings.

On the other side, Consumer Discretion had the weakest readings in months as it continues to dive.  It was the weakest sector in both mid-cap and large-cap names for the 3-month reading.  The mid-cap Consumer Discretion is the weakest of all with rankings of 9 or 10 across the board.

Overall, mid-cap names have started to trail the S&P 500 in the last three months.  However, mid-caps continue to remain stronger in the 6-month and 12-month readings.

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Don Hays & Nicholas Warf