FYI: Yesterday afternoon we highlighted the performance of the S&P 500 and its ten sectors off of the morning highs they put in. With the market taking another leg lower today, below is an updated look at the chart. The green bars represent the one-day change for sectors at their highs yesterday, while the red bars show how much they have declined from those highs. As shown, Materials has been the clear loser with a decline of 3.84%, especially since the sector was up just 0.72% at its highs yesterday. The Financial sector has really taken it on the chin as well over the last two days, falling 3.65% from its highs. The S&P 500 as a whole is now down 3.14% from yesterday's highs, and defensive sectors like Utilities, Consumer Staples and Telecom have held up the best during this pullback.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2015/1/14/sector-performance-since-yesterdays-highs.html?printerFriendly=true
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