The S&P Sector PerfChart from 2-June until 11-June shows the consumer staples, healthcare and consumer discretionary sectors lagging the broader market. Each is down over 2%, while the S&P 500 is up .02% (a fraction) over this timeframe. It is a strange trio, but it is probably most noteworthy that consumer discretionary has gone from a leader to a laggard in the last few weeks.
About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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