Sector Relative Strength

Each week over at Bespoke Premium, we publish our Sector Snapshot, which looks at a number of underlying indicators for the ten S&P 500 sectors.  Below are relative strength charts for the ten sectors, which is one section of the Sector Snapshot.

Each chart looks at the relative strength of each sector versus the S&P 500 over the last year.  A rising line means the sector is outperforming the S&P 500, while a falling line means the sector is underperforming.  The blue dots represent Fed meeting days.

As shown, Consumer Discretionary, Consumer Staples, Health Care and Utilities are the four sectors that have recently been outperforming.  Energy, Materials, Telecom and Industrials have been significantly underperforming, while the Financial sector has begun to slip as well.  And after outperforming by a wide margin all year, Technology has just started to trade sideways.

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