Only two sectors within the S&P 500 Index failed to generate a positive return in 2007: Consumer Discretionary and Financials. Although the Energy sector was the best performing out of all S&P sectors, the grain component of the CRB Index out did energy. The CRB Index component detail noted below is provided by Barry Ritholtz at his website The Big Picture.
The cause for the weak financial sector performance is fairly obvious given the mortgage and subprime mortgage issues. With respect to the consumer discretionary sector, is the market foretelling a weak consumer spending environment as 2008 unfolds?
The cause for the weak financial sector performance is fairly obvious given the mortgage and subprime mortgage issues. With respect to the consumer discretionary sector, is the market foretelling a weak consumer spending environment as 2008 unfolds?
(click on table for larger image)
Sources:Performance of Commodity Sub-Groups
The Big Picture
By: Barry Ritholtz
December 31, 2007
http://bigpicture.typepad.com/comments/2007/12/performance-of.html
S&P 500 Index Return
Standard & Poor's
December 31, 2007
http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indices_500/2,3,2,2,0,0,0,0,0,5,1,0,0,0,8,0.html
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