A weekly recap of the S&P sectors for the week ending 1/23/15
Broader markets rebounded last week on the heels of the ECB’s announcement to venture into quantitative easing. Every sector ended higher for the week but Info Tech was the star performer. The S&P 500 added 1.6% on the week.
Weekly Sector Leaders: Info Tech, Industrials, Energy
Weekly Sector Laggards: Telecom, Materials, Staples, HealthCare
On a relative basis, Utilities, Staples, and Healthcare rolled over a bit after recently hitting relative highs against the S&P 500. Despite the under-performance we have been seeing in Energy, Materials, and Telecom, the charts are attempting to form “bottoms” so these sectors will be worth monitoring closely.