What's been the strongest sector in the market so far in June? It's the little-discussed materials sector, which is by far having the best month of any of the 11 sectors in S&P 500 groups. It's risen 9.5 percent in June.
By comparison, the information technology sector is up 6.3 percent so far in June, which is second best overall. Consumer discretionary shares and consumer staples are both set for monthly gains of at least 5 percent.
The materials group, which tends to be very sensitive to global economic growth expectations, is on track for its best monthly gain since October of 2015, when it rose 13.45 percent. The sector consists of companies most closely tied to production of raw materials used in manufacturing, including steel, aluminum and chemicals.
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