| Sector/Subsector | Day | YTD |
| Platinum & Precious Metals | 9.85% | 40.89% |
| Gold Mining | 4.30% | -7.71% |
| Consumer Electronics | 3.81% | -48.53% |
| Nonferrous Metals | 3.59% | 10.58% |
| Coal | 3.46% | 39.20% |
| Exploration & Production | 3.25% | 19.44% |
| Oil Equipment & Services | 2.55% | 12.69% |
| Integrated Oil & Gas | 2.07% | 0.08% |
| Steel | 1.97% | 30.89% |
| Paper | 1.85% | -18.42% |
| Heavy Construction | 1.64% | 5.70% |
| Pipelines | 1.45% | 9.10% |
| Telecommunications Equipment | 1.19% | -1.88% |
| Multiutilities | 1.04% | -3.56% |
| Electrical Components & Equipment | 1.00% | -2.94% |
| Health Care Providers | 1.00% | -26.62% |
| Gas Distribution | 0.98% | 8.69% |
| Aluminum | 0.95% | 15.65% |
| Building Materials & Fixtures | 0.79% | 0.12% |
| Waste & Disposal Services | 0.79% | 8.12% |
| Food Producers | 0.76% | 1.36% |
| Specialty Chemicals | 0.71% | 8.82% |
| Electricity | 0.68% | -5.77% |
| Biotechnology | 0.64% | 2.94% |
| Nondurable Household Products | 0.61% | -10.00% |
| Transportation Services | 0.56% | 35.64% |
| Industrial Machinery | 0.50% | 6.83% |
| Forestry | 0.48% | -9.14% |
| Furnishings | 0.45% | -13.25% |
| Semiconductors | 0.42% | -2.66% |
| Commodity Chemicals | 0.42% | 8.89% |
| Specialty Finance | 0.40% | 0.01% |
| Computer Hardware | 0.38% | -6.89% |
| Fixed Line Telecommunications | 0.37% | -6.50% |
| Marine Transportation | 0.35% | 7.63% |
| Containers & Packaging | 0.33% | -0.06% |
| Railroads | 0.23% | 30.56% |
| Tobacco | 0.21% | -1.59% |
| Drug Retailers | 0.18% | 0.00% |
| Electronic Equipment | 0.15% | -2.55% |
| Medical Equipment | 0.13% | -2.98% |
| Commercial Vehicles & Trucks | 0.08% | 3.42% |
| Mobile Telecommunications | -0.01% | -18.35% |
| Personal Products | -0.01% | -5.07% |
| Brewers | -0.04% | 1.18% |
| Auto Parts | -0.06% | 3.31% |
| Soft Drinks | -0.06% | -9.47% |
| Pharmaceuticals | -0.06% | -11.00% |
| Internet | -0.18% | -9.32% |
| Industrial Suppliers | -0.19% | 11.37% |
| Medical Supplies | -0.20% | -2.40% |
| Business Support Services | -0.21% | 0.89% |
| Water | -0.24% | -19.95% |
| Distillers & Vintners | -0.28% | -4.80% |
| Food Retailers & Wholesalers | -0.29% | -5.06% |
| Defense | -0.30% | 3.80% |
| Reinsurance | -0.34% | -8.57% |
| Financial Administration | -0.39% | -3.80% |
| Full Line Insurance | -0.40% | -29.88% |
| Real Estate Holding & Development | -0.41% | 5.11% |
| Diversified Industrials | -0.42% | -8.48% |
| Restaurants & bars | -0.43% | 2.15% |
| Computer Services | -0.49% | 13.48% |
| Broadline Retailers | -0.51% | 10.39% |
| Durable Household Products | -0.51% | -3.62% |
| Publishing | -0.54% | -9.27% |
| Aerospace | -0.57% | -3.65% |
| Life Insurance | -0.60% | -5.25% |
| Home Construction | -0.62% | 17.58% |
| Delivery Services | -0.64% | 2.40% |
| Real Estate Investment Trusts | -0.66% | 8.27% |
| Property & Casualty Insurance | -0.68% | -6.14% |
| Gambling | -0.72% | -18.73% |
| Footwear | -0.73% | 0.19% |
| Broadcasting & Entertainment | -0.76% | 3.62% |
| Tires | -0.82% | 0.39% |
| Software | -0.83% | -8.41% |
| Electronic Office Equipment | -0.87% | -6.56% |
| Hotels | -0.94% | 5.52% |
| Asset Managers | -1.01% | -6.96% |
| Recreational Products | -1.02% | -14.24% |
| Specialty Retailers | -1.03% | 0.50% |
| Automobiles | -1.04% | -0.97% |
| Insurance Brokers | -1.11% | 4.27% |
| Mortgage Finance | -1.14% | -23.65% |
| Investment Services | -1.21% | -18.07% |
| Home Improvement Retailers | -1.26% | 10.49% |
| Travel & Tourism | -1.48% | -4.60% |
| Recreational Services | -1.49% | -11.67% |
| Media Agencies | -1.53% | 5.36% |
| Business Training & Employment Agencies | -1.53% | 2.28% |
| Specialized Consumer Services | -1.78% | -6.78% |
| Apparel Retailers | -1.84% | 3.45% |
| Banks | -1.88% | -7.17% |
| Trucking | -1.90% | 24.62% |
| Consumer Finance | -1.98% | 5.69% |
| Clothing & Accessories | -2.04% | 15.97% |
| Toys | -2.36% | 2.94% |
| Airlines | -2.43% | -25.13% |
Saturday, May 17, 2008
Daily Sector Sort
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3 comments:
The Gold Mining and PM returns don't look right on your spreadsheet. Wonder how WSJ calculated them.....
Larry--thanks for this. These were not the most current ones and I've corrected. Note that the WSJ indices includes some flukey things. You can got to their web page and click on any sector and see the components.
After reviewing the past month's action... I thought I'd throw this idea out for discussion:
Is it possible that many commodity and global markets are now going to 'decouple' from the USD?
Note: I'm not suggesting commodities and global markets are going to decouple from the US ECONOMY as many suggest --->
But rather that traders will NO LONGER base their buying and selling decisions of commodities and global markets simply based on a falling or rising US dollar.
In effect the US dollar is 'broken'
It will continue to rebound or consolidate working off it's oversold - but traders have come to realize that the USD is a 'dead duck' long term.
The USD standard is gradually ending.
Hence traders will no longer give the USD as much importance in trading decisions going forward.
In effect the commodity and foreign markets will begin to trade on their 'own merits' - their own fundamentals - and their own speculative and animal spirits - and not trade simply as a bet against (or for) the USD.
In the past - especially under Greenspan - all the traders in the world have been locked in on the USD and the S&P500 --- and every tick up or down in the USD or S&P500 meant a corresponding move (or inverse move) in everything else.
But we saw some evidence lately (ie: the oil market and some foreign markets) of things going their own direction.
In the long run this could prove beneficial as these markets are allowed to find their 'right prices' - rather than being a speculation on future USD direction.
If this is true - it is akin to the world coming off the gold standard in the 70's:
Now we come off the 'USD standard'
This could explain the wild volatility that will continue in commodity and global markets.
Each market will ultimately have to be assessed on its own merits - some will crash having simply run up with hot money looking for a speculation or fleeing USD - others will surprise and continue to climb as they free themselves from the shackles of USD linkage - and no longer hang on every word of Fedspeak - but go their own ways.
This ending of the USD standard could present many opportunities:
Taking a look at the charts of the 1968-1982 period. In this time period we saw developed stock markets going no where - just grinding up and down for 15 years.
While other markets - in particular commodities - had wild swings up and spectacular corrections.
This is the kind of market I foresee...
Any thoughts?
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