Thursday, September 29, 2016

The Lopsided Sectors of the Third Quarter

Just two days remain in the third quarter, and with a gain of 2.9 percent for the S&P 500, it hasn’t been that bad for the overall market.  But so much of the quarter's success depends on which sectors investors have gotten into.

Of the eleven sectors, just two are outperforming the overall S&P 500: Technology and Financials.  The Technology sector, which is up 12.1 percent this quarter, is way out in front. Technology is also the largest sector in the S&P 500, which is why it has such a disproportionate effect on the entire index. 

Financials are a distant second with an increase of 3.6 percent. Five sectors are actually in the red for the quarter. The biggest declines have come in Telecom Services, down 5.2 percent, and Utilities, down 4.4 percent.

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