ETF Range Projections
Efficiency is doing things right; effectiveness is doing the right things.
- Peter Drucker
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Relatively Strong Morningstar Industry Groups
Major Market indexes made there high on May 2 and then a secondary but lower high on Jul 7. The Dow Industrial’s and the Nasdaq-100 were the least affected of the major indexes. The Dow down 7.9% and 7.3% respectively. The Nasdaq 100 down 6.3% and 6.6% respectively. In contrast the S&P 500 and the Nasdaq composite were down over 10% from each.
It is however, in this author’s humble opinion a market of sectors, industry groups, and stocks; not just SPY. Le’ts look at the performance of the Morningstar Industry groups over the same time frame; from May2 and July 7. Only those that outperformed the Dow, and Nasdaq-100. Will they lead the next rally? Click Pictures to enlarge to full size.
