FYI: Ever since the GOP tax reform bill moved out of the Senate Budget Committee on the 28th of November, we’ve seen some pretty big rotation out of some sectors and into others. The biggest loser by far, though, has been Technology, while Financials and Industrials have been beneficiaries. The chart below shows the relative strength of all three sectors versus the S&P 500 over the last year where a rising line indicates the sector is outperforming the S&P 500, while a falling line indicates underperformance.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/taxes-techs-pain-is-financials-and-industrials-gain/
