Despite the poor market performance in January, some sectors
managed to buck the trend: With the SPX down 2.5%, the Dow sectors highlighted
below had a very respectable month.
10 Best Performing Dow Sectors
Source: Chart of the Day
CotD notes: “The best performing sectors suggest the market
is largely focused on a strengthening global economy and the resulting increase
in demand for energy and basic materials.”
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Quote of the Day:
"[Fed Chair] Greenspan, who
consciously perfected the art of saying nothing, but saying it with exquisite
obscurity, has also done a wonderful job of rendering the Fed’s actions
ineffectual, at least when they take the form of anything but making credit
cheaper.”
–Alan Abelson, Security and Securities, Barrons, February 7, 2005
