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Who’s Winning the Sector Race

David Becker
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www.iforex.com

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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