Mar 22, 2018
It has been a pretty nutty week for the equity market over the last four days as sectors which had been holding things up have sold off sharply, while sectors that had been left for dead have been picking up a little bit of late. The charts below show the relative strength of the S&P 500 Technology and Financial sectors. As usual, rising lines indicate that the sector is outperforming the S&P 500 and vice versa. For much of 2018, these two sectors have been outperforming the rest of the market. With the two sectors accounting for just about 40% of the entire S&P 500, their strength was enough to hold the rest of the market up. This week, that has all changed, though, as both sectors are down around 4%. For Technology, it hasn’t seen a downturn relative to the broader market that was this steep since late November, while the last decline of this magnitude for the Financial sector was in December.
So which sectors have been picking up the slack? Well, of course, it’s the ones that everyone left for dead a few weeks ago. The charts below show the relative strength of the Energy and Utilities sectors, and in both cases, the sectors sold off sharply to start the year, but with the broader market weakness, both sectors have gotten a lift – relatively speaking. While the two have outperformed this week, they are still marginally lower.
One area of the market that has seen a big boost with all the tariff talk is small caps. Despite Trump’s “America First” policies and rhetoric, the Russell 2000 has underperformed the S&P 500 over the course of President Trump’s time in office. Ever since the President brought up the issue of tariffs, though, the Russell has rallied and is now up 3% in March compared to a 2% decline in the S&P 500.
Mar 22, 2018
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Dec 22, 2017
Our 2018 Bespoke Report market outlook is the most important piece of research that Bespoke publishes each year. We’ve been publishing our annual outlook piece since the formation of Bespoke in 2007, and it gets better and better each year! In this year’s edition, we cover every important topic you can think of dealing with financial markets as we enter 2018.
The 2018 Bespoke Report contains sections like Washington and Markets, Economic Cycles, Market Cycles, The Fed, Sector Technicals and Weightings, Stock Market Sentiment, Stock Market Seasonality, Housing, Commodities, and more. In this year’s edition, we have a section on Bitcoin/Cryptocurrencies as well.
Our annual outlook report is simply a must read for any serious investor. If you’re not already a Bespoke research subscriber, you can read the full report now by signing up with our 2018 Annual Outlook Special. With this special, you’ll get your first 14 days of any membership level free along with a 20% off lifetime discount if you choose to stick with the service.
Start 2018 on a positive note knowing you’re fully informed on both the stock market and the economy!
Dec 22, 2017
Our 2018 Bespoke Report market outlook is the most important piece of research that Bespoke publishes each year. We’ve been publishing our annual outlook piece since the formation of Bespoke in 2007, and it gets better and better each year! In this year’s edition, we’ll be covering every important topic you can think of dealing with financial markets as we enter 2018.
The 2018 Bespoke Report contains sections like Washington and Markets, Economic Cycles, Market Cycles, The Fed, Sector Technicals and Weightings, Stock Market Sentiment, Stock Market Seasonality, Housing, Commodities, and more. In this year’s edition, we’ll also be featuring a Bitcoin/Crypto section as well as an ETF Trends report.
Today we have published the “Our View” section of the 2018 Bespoke Report, which highlights our unique expectations for the market and the economy as we head into 2018. If there’s a section of our outlook report that you’ll want to read, it’s most certainly this one.
To view this section immediately and also receive the full 2018 Bespoke Report when it’s published on December 22nd, sign up for our 2018 Annual Outlook Special below.
Dec 22, 2017
Our 2018 Bespoke Report market outlook is the most important piece of research that Bespoke publishes each year. We’ve been publishing our annual outlook piece since the formation of Bespoke in 2007, and it gets better and better each year! In this year’s edition, we’ll be covering every important topic you can think of dealing with financial markets as we enter 2018.
The 2018 Bespoke Report contains sections like Washington and Markets, Economic Cycles, Market Cycles, The Fed, Sector Technicals and Weightings, Stock Market Sentiment, Stock Market Seasonality, Housing, Commodities, and more. In this year’s edition, we’ll also be featuring a Bitcoin/Crypto section as well as an ETF Trends report.
We’ll be releasing individual sections of the report to subscribers until the full publication is released on December 22nd, 2017. Today we have published the “Analyst Ratings” section of the 2018 Bespoke Report, which looks at the percentage of buy, hold, and sell ratings for US stocks and sectors and how analyst sentiment has changed over the last year.
To view this section immediately and also receive the full 2018 Bespoke Report when it’s published on December 22nd, sign up for our 2018 Annual Outlook Special below.
