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Monthly Sector Rankings Show Defensive Leadership

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Editor's Note: This article was originally published in John Murphy's Market Message on Friday, June 14th at 1:20pm ET.


Chart 1 is taken from the Sector Summary page for the past month. And it shows that investors are still gravitating toward defensive issues. Four of the top sectors are utilities, health care, real estate, and consumer staples. All four are defensive in nature. Even the month's strongest sector has a defensive tilt.  Materials were the month's strongest sector. But it was led higher by gold miners which rallied on the back of a stronger gold market. Gold has been rallying along with other traditional safe havens like Treasury bonds and bond proxies like staples, utilities, and REITs.

Chart 1

John Murphy
About the author: is the Chief Technical Analyst at StockCharts.com, an renowned author in the investment field and a former technical analyst for CNBC. With over 40 years of market experience, he is the author of numerous popular works including Technical Analysis of the Financial Markets and Trading with Intermarket Analysis. John's timely market commentary and expert analysis is available exclusively for StockCharts Members through his Market Message blog. Learn More
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