Below is a snapshot of how the Sector SPDR ETFs have performed since 2003. As the S&P 500 approaches its 2007 high (perhaps not today) four of the sectors have already made new all time highs. Consumer Staples (XLP), Healthcare (XLV), Consumer Discretionary (XLY) and Tech (XLK) have powered much of this bull market, although Tech (XLK) has not made it past its September high. Thanks to the dilution in the financial sector it may be a very long time before XLF reaches its former peak.
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