The S & P 500 is closing out the first quarter on an epic win streak: The index is up 10% year to date and an amazing 25% in the past five months.
Select S & P 500 sectors YTD Communication Services up 15% Technology up 12% Energy up 11% Financials up 11% Industrials up 10% Health Care up 8% The only sector down this quarter is real estate, off by 3% in the period.
About 70% of the S & P 500 is in the green this year.
The S & P 500 advance/decline has been on a tear since the middle of January, with far more stocks advancing on a daily basis than declining.
"We saw persistent strength with the S & P 500 up every month from November through February, and this has nearly always been followed by more months of strength," he said.
Persons:
Todd Sohn, Strategas, It's, Russell, Ned Davis, Davis, Alec Young
Organizations:
Communication Services, Technology, Energy, Care