Dissecting Today’s Market

Consider these two facts:

1. In the last year, the S&P 500 is up 3.97%.

2. That entire gain come during the last 45 minutes of trading today.

Today was a classic “snap-back” rally. What did the worst on Monday did the best today. What did the best yesterday did the worst today.

Basically, whatever your stocks did yesterday, you probably made about two-thirds of it back today.

Below is a look at the 10 S&P Sectors listed by percent change yesterday (vertical) and today (horizontal). Look at how well they line up.

The red dot is the S&P 500. From left to right, the sectors are Staples, Utilities, Healthcare, Telecom, Tech, Industrials, Energy, Discretionary, Materials and Financials.

The one dot that’s closest to being an outlier is the Energy Sector which gained back about 55% of its loss from Monday.

Posted by on August 9th, 2011 at 7:38 pm


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