In bull markets you have leadership groups.
That’s just a simple fact that you see in every cycle.
During this bull market in particular, the one that turned 8-months old earlier this week, Industrials have been a real leader.
The Industrials Sector Index Fund $XLI is the best performing sector of them all since the June lows.
Now take a look at Industrials on an equally-weighted basis relative to the S&P500 equally-weighted.
From a broader perspective, Industrials are breaking out to new 14-year highs relative to the rest of the market: [Read more…]