It’s October, and like candy corns, witch hats, and tacky people putting up their Christmas trees already, you have come to expect the annual review on the best and worst performing sectors of the economy so far this year.
As ever, I put the parental advisory warning that this is informational only – kind of like “huh, that’s interesting.” – and NOT a call to action of any kind. More like something to talk about if conversation around the cauldron should lag.
The Sweet Sectors:
Capital Goods: Up 24.31%
Technology: Up 18.46%
Services: Up 16.97%
Transportation: Up 15.44%
Basic Materials: Up 13.89%
Retail: Up 9.28%
The Scary Sectors:
Utilities: Down 3.43%
Conglomerates: Down 3.26%
Healthcare: Up 1.35%
Consumer non-Cyclical: Up 2.97%
Financial Sector: Up 3.96%
Energy Sector: Up 8.59%
What a turnaround from last year when only two of the top six in the Sweet category were in positive territory. So far in 2023, only two of the top six in the Scary category are negative.
It goes to show you that holding on through the bad times is the only way to participate in the good. Kind of like tolerating the black licorice in your trick-or-treat bag to eventually be rewarded with a Snickers.
Note, this information is as of the blog writing on September 15, 2023.
Source: https://csimarket.com/markets/markets_glance.php?days=ytd
