Typically, December is a month for traders to press winners and losers--meaning that what has gone up for the beginning of the year continues to move higher in December while the opposite is true of what has gone down.
Thursday, December 22, 2011
Financials Outperforming Slightly in December
Financials (represented by XLF) may be lagging the S&P significantly for the year, but for December at least, they're actually leading a bit. For the month, XLF is up 1.29% while the S&P is down 0.35%. For the year, the XLF is down a punishing 18.64%, while SPY is down 0.84%.
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