Top 5 YTD sector standings-
1.Coal 51%
2.Residential building 36% (wow, who would have guessed it)
3.Retail shoes 28%
4.Retail discount 25%
5.Truck Transportation 24%
Coal and the retail discount sector are the only ones I would have guessed to be near the top. I never would have guessed Residential building and Trucks making the top 5. Perhaps they were oversold near the beginning of the year and there was value found in those sectors. Most Americans are steering clear of buying new trucks as gas prices recently hit $4.50 just 2 months ago and most believe that the housing market is crumbling.
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In the top spot for industries we have Coal. We all know China loves Coal and the demand for Coal in China is undying as long as there are billions of people living there that depend on it to keep there economy booming.
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In the last 3 months a large number of Healthcare sectors have risen sharply. I'm not sure how McCain or Obama being elected will affect the Healthcare Sectors, but apparently some Institutional investors know something I don't.
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