Non-Cyclical Sectors Outperforming Cyclical Sectors

On April 18 I wrote a piece entitled Where We Stand: A Look at S&P 500 Sectors and Industries which looked at the recent outperformance of more cyclically exposed sectors versus defensive sectors.  What I had found was that defensive sectors like the utilities (XLU) and consumer stables (XLP) had decreasing correlation versus theS&P 500 (SPY) over the […]