A Few Numbers For Your Consideration.

A few statistics and numbers that stuck out as I was reviewing things over the weekend.  I'll throw these out there without commentary on what I think these mean.  You'll need to draw your own conclusions or give me a shout out and we can discuss.  Here for your consideration are the raw facts.

The S&P 500's ETF, SPY,  pulled back from all-time highs last week.  It is up nearly 19% not including dividends and up 8.27% since the May lows during our most recent pullback.  SPY is up 1.23% since last September right before last fall's meltdown began.  It is up 3.7% since January 26, 2017 when I believe this current consolidating phase began.

Only four of the S&P 500's sectors are considered in uptrends by our work.  These are utilities, technology and both the consumer discretionary and staples.  

Energy continues to be in a secular downtrend that it began back in the summer of 2014.  The energy ETF, XLE,  is down 4.3% in the past three months and down nearly 40% from highs set back in that summer of 2014.

It is now nearly a decade since international markets, regions and indices have outperformed the US for any significant period of time.

Anyway and again  draw whatever conclusions you want from this data.  I'm just the bearer of news.

*Long ETFs related to the S&P 500, technology energy and international indices in client accounts, although positions can change at any time    We reserve the right to change these investments without notice on this blog or via any other form of verbal, written or electronic communication.