The ONLY two sectors that have a good upward trend right now are Consumer Discretion and Financials. Just take a look at the relative strength charts of the equal weight and market weight S&P 500 sectors below.
Obviously, the Financials sector had a lot of upside to conquer after the massacre of 2008, and it is still not close to healing those disastrous bruises, but this is a new game, so put Financials up there as one of the leaders of the pack.
With Consumer Discretion, the performance has been fairly uniform between the large and smaller-cap stocks. However, with Financials, the smaller stocks had been better, but in the latest one month, the large-cap banks have caught up.
Don Hays, Nicholas Warf & Justin Wood
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