Second quarter 2012 and how is the market doing?

US stock market - sector breakdown, YTD ending Q2 2012

US stock market - sector breakdown, YTD ending Q2 2012

As we move into the final trading days of Q2 2012 I thought it would be interesting to look back and see how each of the major market sectors has performed year to date (YTD). The chart above shows the eight winning and two losing market sectors. Consumer spending is still driving this market. At the top end we’re seeing Consumer Services outperforming, returning 11.98% with Consumer Goods returning a solid 5.5% YTD. Sustainability of this advance is questionable, given US Consumer Confidence has hit an eight month low. At the losing end we’ve got Oil & Gas down -4.53% and Utilities down -1.26%. Of course contrarian players might want to take advantage of weakness to assume positions. The markets – and US economy – does seem to be moving forward, but just barely.

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