Breaking Down the Bear

Since the market topped on April 29th, the S&P 500 has lost 10.2%. What’s interesting is that the losses have not been spread out equally. Here’s a look at the losses by each sector.

Utilities 2.50%
Staples -1.85%
Tech -1.85%
Discretionary -4.64%
Healthcare -6.66%
Telecom -7.32%
S&P 500 -10.20%
Energy -16.70%
Industrials -17.04%
Materials -17.22%
Financials -22.94%

Outside of the Financials and the major cyclical groups, the market hasn’t been that bad.

Here’s an interesting stat: The Financials have been either the best- or worst-performing sector for 30 of the last 50 trading days. The Financials ended Friday also at exactly one-third of their all-time high (169.901 versus 509.553, a loss of 66.657%).

The Consumer Staples are only down 4.55% from their all-time high reached in May. The Techs are down 4.41% from a 10-year high (they still have a looong way to go to make an all-time high).

Posted by on October 17th, 2011 at 11:42 am


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