I just did a sector comparison chart over at stockcharts.com, looking to see which sectors have performed the bast and the worst since the beginning of the year. I use the "biggie" ETFs -- XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLY.
The best performing sector is consumer staples, which is down 1.34% for the entire year. And that's the best we've seen.
The worst performer is the financial sector, which is down 24.7% for the year.
What does this tell us?
1.) The market is not in a good way when one of the most defensive sectors is down for the year and is still be best performing sector.
2.) The financials are in terrible shape still (as if we didn't know that).
10 Monday PM Reads
11 minutes ago