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A look at sector performance in the 2 months since the Fed's QE∞ announcement finds tech...

A look at sector performance in the 2 months since the Fed's QE∞ announcement finds tech (XLK), -11.6% the laggard by a wide margin. The materials sector (XLB) has about matched SPY's 7.3% decline. The top performer is healthcare (XLV), -2.7%. Industrials (XLI), staples (XLP), discretionary (XLY), financials (XLF), and utilities (XLU) have marginally bested the S&P.
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Comments (4)
  • User 398666
    , contributor
    Comments (15) | Send Message
     
    The big question re: the xlk is if the decline is due to the Fed or Apple.
    14 Nov 2012, 05:39 PM Reply Like
  • 1234gel
    , contributor
    Comments (1402) | Send Message
     
    Hey User... AAPL is the largest component by capitalization, but the sector performance downdraft had nothing to do with the Fed action.... I think it was all about the fiscal uncertainty and the election concerns.
    Lots of angst causes stock value destabilization ( historically at least )
    14 Nov 2012, 08:11 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2941) | Send Message
     
    bot some qqq yesterday at 62.18
    15 Nov 2012, 07:50 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2941) | Send Message
     
    took some qid profits today at 33.57
    15 Nov 2012, 03:11 PM Reply Like
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