Using some simple scans in Exodus, it behooves me to report that the once ridiculed and often maligned commodity sector is poleaxing the soft helmets of short sellers this year. Thanks in large part to the triple digit run in gold stocks, the basic resource sector–whose market caps are greater than $500 million– are up 19.6% for the year.
Simply amazing.
Consumer goods stocks, led by PG, BUD, PM and CL, are up 6.7%.
Financial stocks are lagging, up just 3.5%.
Healthcare stocks, hamstrung by deleterious pricing pressures during this politically charged year, are lower by 7.2%.
Industrial goods, led by BRK.a, MMM, HON and CAT, are up 10%.
Services, led by AMZN, WMT and MCD, are higher by just 4.2%.
Tech stocks, best represented by AAPL, GOOG, MSFT and FB, are up just 0.10% this year.
Lastly, utilities, often a boring sector but now exciting, are ripping to the upside–higher by 14.6%.
In summary, tech, financials and healthcare, who make up 53% of the market, are vastly underperforming the overall market. If you weren’t a fucking psychopath leaning heavily towards commodities and utilities, you aren’t making much money in 2016.
The market is a wondrous place, built upon the frustrations and failures of many, to the benefit of a select, diversified, few.
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Dr. Fly – do you give any weight to gold’s less than stellar seasonality for the coming months of May and June?
If you weren’t a fucking psychopath leaning heavily towards commodities and utilities, you aren’t making much money in 2016.
EPIC
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