Since we are 4 trading days away from end of 2016, i thought, it will be good to see how various sectors performed since close of December 31st of 2015, an year to date snapshot.
SOX UP 39.86%
XLE UP 26.57%
XLF UP 21.79%
RUT UP 20.74%
Dow UP 14.39%
S&P 500 UP 10.76%
Nasdaq UP 9.09%
GLD UP 6.38%
TAN Down 45.30%
I am sure that, most of you are surprised that best performing sectors are not talked about in financial press, their focus is too narrow on 5th to 7th best performing sectors.
There are many important conclusions IF we learn from the above statistic......
Between much maligned Gold sector and much hyped Nasdaq, there is an YTD difference of only 2.71%.......
Solar stocks ( TAN ) are not only the worst performing of all, but they are sharply down 45.30% YTD...
Based on current investing environment XLE and XLF may outperform in 2017.
We need to focus away from Dow , S&P 500 and Nasdaq, as they lagged badly outperforming sectors.
Can GLD shine again, i believe they will, most policy being discussed are highly infltionary, which is good for gold.
IF i have to bet, i think 2017 may turn out to be GLD and XLF in 1 & 2 biggest gainers.
As most markets are closed for Monday and some like Toronto & London are closed for Tuesday also, it is a good time to look back and reflect.
Sector analysis is a very good tool, and may help in better positioning for 2017.
Good luck with your analysis and strategy for 2017.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
It was a good week last week with the portfolio gaining 2.00% versus minor gains for the indices. PI was the huge winner at +21.4% upon sale, and CY and ZYNE both contributed ~6%. SPLK was really the only loser at -5.1%.
Portfolio: TECK LYB ZYNE CHK SPLK NEFF HBAN, ACIA CY QRVO MJCO, cash 17.6%
Stocktrader
Hi Stocktrader,
4 more days to go, before you wrap up another outstanding portfolio performance.
Your unique analytical approach is your winning strategy.
Saleem
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