US SECTORS CALL: Energy, Information Technology & Health Care

Rising bond yields and oil prices weighed on stocks last week, though a mostly in-line CPI report on Friday sparked a rebound. The S&P 500 still fell 0.8%, with nine of the 11 sectors declining. Energy (OW) led, rising 2.0%, and it tops the sector derby at 44.5% ytd. Communication Services (MW) was the only other gainer, up 1.1%. Health Care (OW) fell the most at 3.6%. Information Technology (MW) was nearly flat at -0.2% and is up 23.2% ytd, with fundamentals that continue to improve.

Let's take a closer look at Energy, Information Technology, and Health Care: