S&P 500 Nearing ATHs But Individual Sectors Not So Much

The past week has been a solid run for the US equity market as a whole. The S&P 500 continues to edge ever closer to prior all-time highs; opening today within half a percent of this level. As shown in the chart below, on average across all sectors, though, it is a little bit less optimistic. The average sector is still 6.5% below record highs. Excluding energy, which is by far the furthest (in terms of price and time) from its all-time high, the average across sectors jumps up to 3.6%. Consumer Staples and Utilities are the only sectors within 1% of their highs while the Tech sector is not far behind only 1.5% away.  

(Click on image to enlarge)

Start a two-week free trial to one of Bespoke’s three membership levels to receive our most actionable ...

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

Comments

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