Get Fidelity’s perspective and expertise on sector investing strategies.
Commodities (i.e., raw materials that are used in the production process for most products) have been in a long-term downtrend for several years. However, thus far in 2016, oil, gold, and other commodities have, for the most part, broadly rebounded. The Commodity Index has risen more than 7% year-to-date, outpacing the 6% price return of the S&P 500® Index, as of September 27, 2016.1
If you use trends in your analysis, the money going into and out of the nearly $2.4 trillion market for U.S.-listed exchange-traded products (ETPs)1—is one tool that you can use to see what segments of the market may have momentum.2 Exchange-traded funds (ETFs) represent the vast majority of ETPs, which also include exchange-traded notes (ETNs).
As the second-quarter earnings season wraps up, earnings for S&P 500® companies declined 3.2%* compared to the same quarter last year, marking the fifth consecutive quarter of lower earnings, according to FactSet. Looking forward to the third quarter, analysts expect S&P 500 earnings to shrink again, with an average estimate of –2.1%.
Currently, Global Industry Classification Standard (GICS) classifies all major public companies in the MSCI and Dow Jones indexes as belonging to one of 10 sectors: consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecommunication services, and utilities.
Past performance is no guarantee of future results.
Find out why sector exposure matters and how sectors can help boost performance.
A look inside sectors
Get the latest sector news and insights to better manage your portfolio.