Hickey and Walters (Bespoke) submit: The S&P 500 has declined for four consecutive trading days and is down just under 2% since last Wednesday (4/6). From the March 16th pullback closing low through last Wednesday, the index had gained 6.26%. Below we highlight the performance of the ten S&P 500 sectors over these two time periods as well.
Energy, Materials, and Telecom led the market higher from March 16th through April 6th with gains of more than 8%. Energy and Materials have certainly been driving the market lower since then as well. Energy is down the most of any sector since 4/6 with a decline of 4.72%. This isn't surprising given the pullback in oil that we have seen this week. The pullback in oil has also been a positive for the consumer sectors. Consumer Discretionary has held up the best of the cyclical sectors since 4/6, while Consumer Staples is actually up 0.50%. Yesterday
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Jennifer Scholle Tatiana Zavialova Tila Tequila Tamie Sheffield Kelly Monaco
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