Monday, November 25, 2013

The S&P's Perfect 10

We've talked a lot about how strong the S&P 500 has been so far this year, but maybe the most remarkable thing about this rally is how broad-based it has been. There remains the possibility that each of the ten sectors within the S&P 500 could increase by 10 percent or more this year.

The only sector falling short of that 10 percent mark so far is Telecommunications, which is up 8 percent. Meanwhile, Health Care and Consumer Discretionary are both up by a whopping 36 percent.

We haven't seen all ten sectors rise by 10 percent in a year since 1995, when the index rose by 31 percent overall. In 2003, the S&P 500 was up by 26 percent on the year, but both Telecoms and Consumer Staples fell short of the 10 percent mark.

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