Here’s a fantastic chart from the Bespoke Investment Group showing the sectors that have made the biggest gains since our February 8 lows.
Look what’s in the lead: Energy, materials, and consumer discretionaries.
In other words, investors have been loving everything that hinges on growth. “Defensives” like utilities, staples, and healthcare have not been given the same love.
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See Also:
- Morgan Stanley: Don’t Worry, Europe Can Go Down In Flames And America Will Be Fine
- David Rosenberg: The Era Of The Green Shoots Is Officially Dead
- Morgan Stanley: Don’t Be Fooled, The Chinese Aren’t Really Tightening Lending At All