More Balanced June

Heading into the month of June, stock market performance this year was a clear case of the haves and the have-nots. The chart below shows the performance of S&P 500 sectors on a YTD basis through the end of June. As of 5/31, just three sectors – Technology, Communications Services, and Consumer Discretionary – were outperforming the S&P 500 YTD, and the eight other sectors were not only underperforming the S&P 500’s YTD gain of 8.9%, but they were also all down on a YTD basis.

The flip of the calendar to June has also caused the trend of uneven returns YTD to flip a bit. Besides the fact that every sector is up on an MTD basis, the number of sectors outperforming the S&P 500’s 4.6% MTD gains are much more evenly split with five sectors outperforming the S&P 500 MTD and six underperforming. Surprisingly, one of those sectors lagging behind the S&P 500 is Technology! Uneven market returns have been a key complaint of bears all year.If the pattern of June continues, though, what will they blame next?

More By This Author:

Lucky Seven For The Nasdaq
Recent Winners Become Losers For A Day
Slow Drift Higher In Stocks And Rates

Disclaimer: Bespoke Investment Group, LLC believes all information contained in this report to be accurate, but we do not guarantee its accuracy. None of the information in this report or any ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.