Cyclicals vs. Staples

Cyclicals and growth industries such as tech have been shunned in favor of lower growth, defensive and consumer oriented names with yield.  Looking at the chart above gives you an idea why I'm beginning to warm up to tech, energy and more cyclical oriented names.  Have also been doing some selective buying in certain ETFs related to these areas.

*Long ETFs that hold all of the holdings you see in the charts above.  Long ETFs related to the S&P 500 in client and personal accounts.

Link:  Abnormalreturns.com: Chart of the Day.