Here’s a quick broad performance review of markets in Q1. I’ll be keeping an eye on these charts and data points over the next few weeks.
Make no mistake, Q1 2017 was about the Global Market Rally. Check out the performance of equity ETFs across the globe. Outside of Tech, the U.S. is actually lagging significantly
The sector stories have been the persistent strength of tech and the continued weakness in energy. Financials have lagged of later after leading in Q4. One of the key questions of Q2 is will the financials turn around or continue to weaken?
The year to date leaders have a mixed look. Select healthcare and tech names have won. If you’re wondering what some growth patches are in the markets, check these out.
Out of the 16 biggest losers in the S&P 500 in Q1, only Frontier Communications and Perrigo are neither energy or retail names. Nobody wants to have those groups on their books into the end of the quarter. You’d think whoever doesn’t have to answer to investors may have an edge here.
I don’t like how the U.S. is lagging the world. We are at risk of seeing peak U.S. or at least peak relative U.S. Obviously there is a big difference.
One sector that piques my interest is consumer discretionary and retail. A lot of bad news is priced into the group and select names have potential to provide some serious alpha in Q2.
Trade ’em Well