Great set of charts from the Bespoke boys showing what the relative strength of various sectors have been since the Fed began cutting rates.
The winners have been Health Care, Utilities and Consumer Staples: Defensive stocks that will do well in a slowdown.
The losers? Consumer Discretionary, Financials, Telecom — the sectors that are particularly vulnerable to an economic slow.
What’s surprising is that the Fed cuts did not seem to have the desired effect — at least not yet — on the Sectors they were intended to help . . .