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“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” – Robert Kiyosaki

It’s a mixed picture in futures markets this morning as the S&P 500 is set to open marginally higher while the Nasdaq is indicated up about 1%.  At the individual stock level, the crazy moves of last week are continuing today as GameStop (GME) is up over 50% again, and a number of other high short interest and story stocks are trading up sharply in the pre-market.  Economic data is on the light side this morning with just the Chicago Fed National Activity Index and the Dallas Fed Manufacturing Index.

Be sure to check out today’s Morning Lineup for updates on the latest market news and events, German sentiment data, an update on the latest national and international COVID trends, and much more.

The year is just three weeks old, but already we’ve seen some big moves in individual sectors.  With its gain of 11%, the Energy sector has stolen the show, but the 5% gain in the Consumer Discretionary sector is nothing to sneeze at either.  On the other end of the spectrum, Consumer Staples has already given up 3.8% this year while Industrials is down just marginally (-0.2%).  The broader S&P 500 as a whole is up a respectable 2.3% on the year, and four other sectors – Materials, Financials, Technology, and Telecom Services – all have YTD gains within half of one percent of the overall market.

The gap of nearly 15 percentage points between the best and worst-performing sectors so far this year is one of the larger ones we have seen through the first 14 trading days of a year dating back to 1990.  As shown in the chart below, just three years (2009, 2001, and 2000) have seen larger disparities to start the year while a number of other years have seen disparities nearly but not quite as wide as the one this year (1992, 1999, and 2006).