Sectors That Have Dropped The Most Since Their 2007 Peak
Director of Market Data & Content Services, CBNC
With the big swings in the market, we thought it would be interesting to see where the S&P Sectors stand from last year's highs. As expected, the defensive Consumer Staples and Health Care sectors have held up better than the bludgeoned Financial sector. On a YTD basis, the Financials and Consumer Discretionary have fared best, taking most of their drops in 2007 and rallying in the past couple of days.
Also of note is the fact that the Healthcare sector has stayed within a tighter high/low range than the other sectors and is ~3/4 of a year from its peak in May. Mike Huckman explained that the sector typically sees a run up in May as the ASCO convention (American Society of Clinical Oncology) approaches. The speed of the drop is most notable in the Tech Sector.
Data provided by Reuters