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Who’s Winning the Sector Race

David Becker
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Despite the strong momentum in some of the high flying stocks the best performing sector so far in 2013 has been the Utilities. The Utilities have notched up an 8.2% gain since the end of December as investors looked for the safety of high yields and low volatility coming off the 30% gains in the benchmark S&P 500 index.

Following Utilities is Healthcare which is also a safe play, as the sector has notched up a 4.5% return so far in 2014. Many confuse the safety of healthcare with the volatility of bio-technology, which has experienced a 4.4% decline so far this week. Following healthcare in the sector race is financials which have notched up a 1.3% gain. Technology and Materials round out the rest of the 2014 winners posting gains of 1.1% and 1.3% respectively.

The other sectors that make up the S&P 500 index are all in the red for 2014. Cyclicals are the worst performer so far in 2014 with loses of nearly 4%. Industrials are in second place in the losing category with a negative 2014 return performance of 1.4%. Energy and Consumer Staples round out the bottom two with negative returns of 0.78% and 0.23%.

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