After nearly two weeks’ consolidation, the rally is back on its track.
.All major indices continue to reach record highs. How S&P500 got to a historic high?What are the leaders and laggards?
Last time the index touched record high was Jan3, 2022. During two years period of time, energy is a big market leader, up 40%, believe or not, the sector is only 4% of S&P500.
Tech is up 15%, industrial is also modestly contributing, up 7%, healthcare is flat. In terms of the laggards, financials is down 4%, the banks was down 20% over the last two years; consumer staples is down 5%, communication services is also down 5%, consumer discretionary is down 15%.
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by- ANDREW SMITH
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