Mill Street Research @millstreetresearch.com · Jun 4 Pretty amazing to see the *equal-weighted* (not cap-weighted) returns in S&P 500 sectors (through yesterday's close, sorted by 6mth return). Last 3 months: Technology +42.2% 2nd best sector: Energy +7.4% EW Index: 2.5% 8 of 11 sectors down Worst sector: Consumer Staples, -11.2%
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The more widely-cited cap-weighted S&P 500 sector returns are also wildly lopsided towards Tech in the last 3 months. Index +10% but 7 of 11 sectors are down. Tech-adjacent mega-caps in Comm. Services (META, GOOGL) and Cons. Discretionary (AMZN, TSLA) are keeping those sectors afloat.