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S&P 500 Sector Trading Range Chart---Health Care, Consumer Staples Explode Higher
A portion of the article linked below follows the theme of the 'HOT' sectors in the link Ted posted.
...Elsewhere, as investors begin to glimpse signs of an economic slowdown, defensive-oriented sectors—those in which revenues are more tied to basic needs and are less economically sensitive, such as health care, consumer staples, and utilities—have generally performed well. Looking across all three analytical measures, the energy sector has seen the most convincing patterns of outperformance in the late cycle, with high average (14%) and median (12%) relative performance along with a high cycle hit rate (83%). Materials sector stocks have experienced solid relative performance (8% average, 4% median) at a respectable 67% hit rate. Some other sectors with more defensive characteristics— health care, consumer staples, and utilities—showed generally positive, though mixed, relative performance. Information technology and consumer discretionary stocks have lagged most often, tending to suffer the worst during this phase as investors shift away from economically sensitive areas
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...Elsewhere, as investors begin to glimpse signs of an economic slowdown, defensive-oriented sectors—those in which revenues are more tied to basic needs and are less economically sensitive, such as health care, consumer staples, and utilities—have generally performed well. Looking across all three analytical measures, the energy sector has seen the most convincing patterns of outperformance in the late cycle, with high average (14%) and median (12%) relative performance along with a high cycle hit rate (83%). Materials sector stocks have experienced solid relative performance (8% average, 4% median) at a respectable 67% hit rate. Some other sectors with more defensive characteristics— health care, consumer staples, and utilities—showed generally positive, though mixed, relative performance. Information technology and consumer discretionary stocks have lagged most often, tending to suffer the worst during this phase as investors shift away from economically sensitive areas
https://www.fidelity.com/viewpoints/how-to-use-business-cycle
Art