Thursday, December 20, 2012

S&P By Sector


The folks over at Bespoke investment group show the year to date performance of the different sectors that comprise the S&P 500.  This is unlikely to change much in the next 11 days of the year.  Big winner was financial and the big loser was utilities.  Seven sectors have underperformed the index this year.  Three of those however {Industirals, telecom and technology} are close enough that this could change by year's end.  I'm sure that if I went back and looked at the beginning of the year the investment class would not have picked any of the top three sectors to be where they are today.  I'm equally sure that investors would be surprised at the poor performance of energy and materials.

*Long ETFs related to the S&P 500 in client and personal accounts.  In addition clients of our firm and my personal accounts may have positions in certain of these sectors shown above.