Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube
 

  Sector Performance Via Market Capitalization (Year-to-Date)
Posted Under: Broader Stock Market

 
View from the Observation Deck  
  1. Equities have staged an impressive rebound after experiencing the fastest plunge (16 trading days) into bear market territory in history in Q1'20. 
  2. The three major indices featured in the table comprise the S&P Composite 1500 Index, which represents approximately 90% of total U.S. equity market capitalization (cap), according to S&P Dow Jones Indices. 
  3. Large-cap stocks, as measured by the S&P 500 Index, have significantly outperformed their mid- and small-cap counterparts year-to-date through 7/10/20.  
  4. With respect to large-caps, the top-performers were Information Technology, Consumer Discretionary and Communication Services, all of which are cyclical in nature. As it turns out, these three sectors were the beneficiaries of the shelter-at-home response to the COVID-19 pandemic, in our opinion. 
  5. Sector performance can vary widely by market cap. Some of the sectors, such as Consumer Discretionary, reflect a significant disparity in performance (see table). 
  6. With respect to where the three indices stood relative to their all-time highs as of the close on 7/10/20 (not shown in table), the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices were down 5.94%, 15.82% and 25.58%, respectively, according to Bloomberg. That is actually a huge improvement over where they stood at the lowest point (3/23/20 for all three indices) during the COVID-19 sell-off. As of the close on 3/23/20, the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices were down 33.92%, 42.14% and 45.77%, respectively, from their all-time highs. 
This chart is for illustrative purposes only and not indicative of any actual investment. The illustration excludes the effects of taxes and brokerage commissions and other expenses incurred when investing. Investors cannot invest directly in an index. The S&P 500 Index is an unmanaged index of 500 stocks used to measure large-cap U.S. stock market performance. The S&P MidCap 400 Index is a capitalization-weighted index that tracks the mid-range sector of the U.S. stock market. The S&P SmallCap 600 Index is a capitalization-weighted index that tracks U.S. stocks with a small market capitalization. The 11 major sector indices are capitalization-weighted and comprised of S&P 500, S&P MidCap 400 and S&P SmallCap 600 constituents representing a specific sector. 

Download a PDF of this post, please click here.
Posted on Tuesday, July 14, 2020 @ 11:46 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
US Stock Markets Ended July 10, 2020
US Economy and Credit Markets Ended July 10, 2020
A Case For Investing In Two Basic Necessities
U.S. Stocks Have Outperformed Foreign Stocks Since President Trump Was Elected
US Stock Markets Ended July 2, 2020
US Economy and Credit Markets Ended July 2, 2020
The Only Constant Is Change
A Snapshot Of Growth vs. Value Investing (Small-Caps)
US Stock Markets Ended June 26, 2020
US Economy and Credit Markets Ended June 26, 2020
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2022 All rights reserved.