High earnings growth sectors are performing best
The S&P 500 sectors that had the greatest earnings growth rates, Energy and Industrials, have also been the best performing sectors since the unofficial beginning of earnings season on October 14 with returns of approximately 12.1% and 11.7% respectively.
The Communications Services sector has been the worst performing sector, up only about 0.4% since then weighted down by lackluster results from $Meta Platforms(META.US$ and $Alphabet-C(GOOG.US$ .
The views and opinions of Mooney Navigator are those of the author who is not an associated person of Moomoo Financial Inc. The view and opinions of the author do not reflect the views of Moomoo Financial Inc. or any of its affiliates. The views and opinions of the author are provided for informational purposes only, do not constitute a recommendation of an investment strategy or to buy, sell, or hold any investment in any form, and are not research reports and should not be used to serve as the basis for any investment decision. All investments involve risk including the loss of principal and past performance does not guarantee future results.
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whqqq : Buffett also wants his children to put their property in the S&P 500.