Tuesday, February 19, 2019

An Incredible Six Weeks

The year-to-date gain for the S&P 500 eclipsed 10 percent on Friday. That is already better than what the index typically sees over an entire year, and it's the best start to a year for the market in 32 years.

The gains have been remarkably broad-based. Through the first month and a half of 2019, all the sectors in the S&P 500 are in positive territory. In fact, none of them are even close to negative. The worst performing sector has been the utilities, and even they are up 4.7 percent so far.

On the other hand, industrials are up 17.3 percent, energy is up 14.6 percent, and real estate is up 12.7 percent. That's a remarkable performance for about six weeks' worth of trading.

No comments:

Post a Comment