FYI: Remember the old axiom that the market couldn't rally without the Financials? Given the sector's role in financing the economy, the Financials sector was once considered a leading indicator of the economy and stock market. When the sector did well it was a good sign for the market while declines were an ominous market signal. While that may have been the case in another time, these days the Financials sector has had little in the way of a leadership role in the market. In one section of this past weekend's Bespoke Report, we looked at how sectors performed relative to the market during periods when the market was rising and falling. For each sector, we calculated how frequently it outperformed the S&P 500 during periods when the S&P 500 had risen or fallen in the prior six months.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/sector-leadership-traits
