Sector SPDR Snapshot

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.

Click to Enlarge

XLV Making New All Time Highs

Even though the S&P 500 is still down >10% from where it was in 2007, the healthcare sector SPDR has been making new all time highs over the last few days.  XLV is the 4th of 9 sector ETFs to reach above its 07/08 highs.  Energy, Materials, Industrials, Financials (of course) and (surprisingly) Utilities are all still below their former peaks.