1.Spread Between Defensive Consumer Staples and Consumer Discretionary Has Only Been Higher in 2000
On page 6 of this month’s report, we provide the chart below which shows the spread between the weightings for Consumer Discretionary and Consumer Staples. At +6.12 percentage points, the only time Consumer Discretionary’s weight versus Consumer Staples has been higher was in April 2000.
1. Tech and Consumer Discretionary Still Leading Sectors….No Shift Yet to Traditional Defensive Sectors.
Bespoke’s Sector Snapshot — 5/3/18
May 3, 2018
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Below is one of the many charts included in this week’s Sector Snapshot, which highlights the year-to-date percentage change of the eleven S&P 500 sectors. At this point, just three sectors are still in positive territory, while eight are in the red. Consumer Staples and Telecom are down the most with declines of more than 13%.
1.U.S. Dollar Rallies Out of 2018 Sideways Move.
U.S. Dollar Bull ETF Pops Out of Range…Big Macro Funds Bet on Dollar Staying Weak.
1.Analysts Boosting Earnings Again..Hockey Stick Raise in Numbers.
Historically, I am not sure if the S&P witnessed $20 earnings jump in one quarter…Let me know if someone has long-term data.
Equity Markets: Analysts are boosting US corporate earnings forecasts again.
Source: Deutsche Bank Research