Standard & Poors publish some remarkably detailed stats on the S&P500 including earnings, sales, % weight etc.
With Goldman Sachs now worth more than it was pre-Great Recession, thought it insightful to look at how big Finance is versus the total market.
Here's end of 2016 versus the MAX / MIN the last 10 years.
| % of Index | end 2016 | Max | Min |
|---|---|---|---|
| Defensive | 26% | 32% | 25% |
| Consumer Staples | 9% | 13% | 9% |
| Health Care | 14% | 15% | 11% |
| Utilities | 3% | 4% | 3% |
| Cyclicals | 33% | 36% | 25% |
| Materials | 3% | 4% | 3% |
| Consumer Discretionary | 12% | 13% | 8% |
| Financials1 | 18% | 22% | 13% |
| Sensitive | 41% | 45% | 38% |
| Energy | 8% | 13% | 6% |
| Industrials | 10% | 12% | 10% |
| Technology | 21% | 21% | 15% |
| Telecoms | 3% | 4% | 2% |
1 note that Financials is now split into two: Financials on 15% and Real Estate of 3%
So... Financials isn't actually at it's max, even if GS and banks are riding high.
It's Health Care, Consumer Discretionary, and Tech stocks that are near / at peak. With Consumer Staples, Utilities, Materials, and Industrials looking light as a % of the overall market.
Does this help anyone from an sector allocation perspective?
Submitted February 20, 2017 at 08:41AM by shane_stockflare http://ift.tt/2ldKTVK
