FYI: Below we show the average change of stocks in each Russell 1,000 sector from the start of 2017 through the 9/20 equity market peak compared to the average change since the 9/20 peak. For all stocks in the Russell 1,000, the average stock gained 34.4% from the start of 2017 through 9/20. Since 9/20, the average stock in the index is down 11%.
Looking at sectors, Technology and Health Care stocks gained by far the most from 2017 through 9/20 — up 72.5% and 69.1%, respectively. Since 9/20, Tech stocks have averaged a drop of 15.1%, while Health Care stocks have fallen 9.7%.
The best stocks since 9/20 have been Utilities, which are actually up an average of 2.9%. Consumer Staples and Real Estate — two more defensives — are only down slightly.
Energy has been the weakest sector for quite a while now. During the broad market’s rally from the start of 2017 through 9/20, the average Energy stock was up just 1.2%. Since 9/20, the average Energy stock has fallen 21%, which is by far the biggest drop of any sector.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/sector-performance-since-the-9-20-peak-best-and-worst-performing-stocks/
