Posts filed under “Investing”

Two-horned bull?

Mike Panzner points out that the bull has become two-horned , as laggards become leaders in recent days.  Once the S&P 500 reached a new multi-year closing high of 1326.57 on 9/26 (beating the prior peak of 1325.76 that was reached on 5/5), the sector laggards began to play catch-up.

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S&P500 Sector Performance
past month versus prior 3

Twohornedbull
Source: Michael Panzner, Collins Stewart

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One theory: fund managers who had sat out the first phase of the bull
run scrambled to invest in stocks and sectors that had trailed behind,
in an effort to keep up.

This chart shows how the pre-9/26 sectors have fared, and how the markets have run since then:

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   6/13 – 9/25  
 
  9/25 – 10/24  
 
SECTOR RETURN RANK RANK RETURN
Telecom Svcs 15.63 1 9 2.10
  Info Technology 11.82  2 6 3.88
  Health Care 10.36 3 7 2.29
Financials 9.59 4 8 2.16
  Cons Discretionary 7.95 5 3 5.94
Cons Staples 7.91 6 10 1.63
Utilities    6.63  7 4 4.96
Materials 6.61 8 2 6.24
  Energy 5.17 9 1 8.48
  Industrials 1.70 10 5 4.83
  S&P 500        8.39 3.85

 

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Interesting stuff. Thanks, Mike.

Category: Investing, Markets, Technical Analysis

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Category: Investing, Markets, Psychology

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Category: Investing, Markets, Psychology

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Category: Commodities, Earnings, Investing, Markets

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Category: Economy, Investing, Markets, Psychology, Technical Analysis