12:01
Unknown
Here are the computation for 13 trading days of 2013 :
Solar ( TAN ) UP 6.8%
Nasdaq UP 3.19%
SOX UP 2.59%
S&P 500 UP 1.45%
Dow UP .33%
RUT DOWN .39%
XLF DOWN .43%
XLE DOWN 1.04%
It is very interesting that Solar is the best performing sector by a factor of more than 2 to 1 from 2nd best, remember "global warming is a Chinese Hoax"........While Obama who was a champion of alternative energy, Solar was the-worst performing sector in 2016.
Investing or trading results may be totally opposite of preference of person in power......
When we analyze the above result, XLF & XLE are the two worst performing sector, which is preferred by many including me.......so much for logical approach to investing & trading.
Russell is also negative for the year, another surprise.
Nasdaq and Sox seems to be outperforming again, they were winners of 2016.
So far, popular thesis are not panning out, it may be that 13 trading day is not long enough to really know the winners or losers of 2013.......
It is always interesting to see which sector is in the lead or which one is trailing so far.
It will be interesting to see, how we fare in coming week, which is first full week in office for Mr Trump.
Everyone will be monitoring the indices closely, to get a clue as to which ones are going to outperform.
Priorities of new administration has been well known for almost a year, some stocks have benefited already in last few months of 2016, and may be digesting its gains or trying to find support.
Sometimes statistics paints a picture which may have ignored past performance, it may be the case of 13 days of data given above.
Considering everything, we all have a strategy for 2017, hopefully, it is the right strategy. I will be looking back, to monitor sector performance as we go along.
Good luck with your own strategy and portfolio.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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