Sector Returns for 2008 so far

Jan 21, 2008: 7:14 AM CST

As requested, I am providing a sector breakdown of market returns to date.

It’s not all horrible out there in the stock market; on the contrary, the Health Care sector appreciated almost 8% to date!

Indeed, Health Care, Consumer Staples, and Utilities are known as ‘defensive’ sectors where traders/investors go to seek shelter on the long (buy) side from a falling market. Good, steady returns can be made by buying stocks in these sectors.

You really don’t have to short stock to make a profit in a falling market.

Let’s take a quick look at Sector Returns to date:

Consumer Discretionary: +0.03%
Technology: -3.6%
Industrial: -1.69%
Materials: -.068%
Energy: -3.17%
Consumer Staples: +4.02%
Health Care: +7.77%
Utilities: +4.32%
Financials: -2.11%

According to the Sector Rotation Model, we would classify recent returns as “very bearish” for the overall market.

4 Comments

4 Responses to “Sector Returns for 2008 so far”

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