FYI: While defensives may be lagging this month, they are still outperforming the S&P 500 by a wide margin year to date. Below we show sector performance so far in 2016. While Telecom Services and Utilities are the two worst performing sectors this month, with gains of 12.3% and 11.2%, respectively, they are still the top two performing sectors year to date! Behind these two sectors, the next three best-performing sectors are Energy, Materials, and Industrials. Last December, you would have had a hard time finding anyone who would have expected these three sectors to outperform along with Utilities and Telecom Services. On the other end of the spectrum, the two worst performing sectors this year are Financials (-3.9%) and Health Care (-2.9%)- two sectors that are actually outperforming on the month. So far in April, what was bad is good and what was good is bad.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/april-getting-off-to-a-slow-start-for-defensives/
