Post by huh on Nov 29, 2015 9:28:25 GMT -5
As I posted about before, the top 10 largest companies in the S&P this year are making up more than 100% of the S&P gains this year. I saw another post that had listed out the %'s of this disparity, but I can't find it now so don't quote me on it, but -- at the time the top 10 were up something like 11.5% while the remaining 490 other companies were down an average of something like -7.5%.
So overall, the market is being held up by a small % of companies.
However, if we look at it by sector...
If you look at YTD, the best performing sectors have been: (you can see the YTD performances for all sectors here)
IYC (Consumer Services) +8.25% (top 3 holdings are AMZN, DIS, HD)
IBB (Biotech) +7.3% (top 3 holdings are AMGN, REGN and GILD)
IYK (Consumer Goods) +6% (top 3 holdings are PG, KO and PEP)
The worst performing sectors YTD are:
IEZ (Oil Equipment & Services) -17.95%
IYE (Energy) -12.72%
IEO (Oil & Gas Exploration) -11.53%
But I like to look at it from the 08/24 close to know what's been getting bought since then. So I threw them into a spreadsheet:
We can see that the three best performing sectors since the 08/24 close are:
SOXX (semi-conductors) +18.05% (top 3 holdings are INTC, TXN and AVGO)
IYW (Technology) +16.17% (top 3 holdings are AAPL, MSFT and FB)
IEO (Oil & Gas Exploration) +14.1% (top 3 holdings are COP, EOG and PSX)
***It's interesting to note that the YTD worst performing energy related sectors (IEO, IEZ & IYE) were some of the best performing since the 8/24 low. Rotation, or simply dead cat bounces?
