Consumer Discretionaries Hit All-Time High

Even though the S&P 500 is still well below its all-time high from October 2007, some parts of the underlying market have been doing well.

On Friday, the Consumer Discretionary Sector closed at an all-time high. The Consumer Staples sector is just below the all-time high it reached in May. (By the way, I also think it’s interesting that the Staples, Discretionaries and Industrials all closed at nearly the same level on Friday — 325.077, 324.157 and 327.472.)

Most surprisingly, the Healthcare sector closed on Friday within 6.5% of the all-time high it reached in December 2000. The sector has been a money-loser for 10-1/2 years.

The Tech, Telecom and Financials sectors are still close to 60% below their all-time highs.

Posted by on July 5th, 2011 at 1:18 pm


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