(Almost) Nowhere to Hide - Sector, Industry Trends Alarming
Sector Performance
There was nowhere to hide last week - all the sectors and groups were down. The ‘least bad’ was gold and technology, while basic materials and transportation took the biggest hits.
Sector Rank
Industry Performance
There were a few safe havens for those who drilled down into industry-level data. Healthcare and food did particularly well, which makes sense given the defensive nature of both. If things go from bad to worse, those arenas may be the only winners now that the buyers have tipped their hand.
There were a couple of themes among the losers too….. real estate and materials used in real estate construction and industrial production. That weakness is starting to turn into a trend.
Industry Rank
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