Merry, happy, joyful, and jolly are just some of the adjectives used to describe this time of year. We hope your holiday season has been merry, happy, joyful and jolly so far. It sure has been for stock investors. The fun started more than a year ago on October 12, 2022 when the bear market bottomed. It has been a powerful bull market since then. Consider the following:
(1) Here is the performance derby since the start of the bull market for the S&P 500 and its 11 sectors: Information Technology (65.9%), Communication Services (53.5), Industrials (33.6), S&P 500 (32.9), Consumer Discretionary (29.9), Materials (25.3), Financials (23.6), Real Estate (17.3), Health Care (10.8), Consumer Staples (7.0), Energy (5.3), and Utilities (1.9). Awesome, indeed!
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