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But, for those of us who like to buy both stocks and bonds (I wouldn’t have an Independent Research business if I marketed one asset class over another, sorry), we want to be buying the parts of the US stock market that will go up the most.
We call these Sector Style Exposures. In Equities, the 2015 outperformance of the following sectors remains obvious:
- US Housing Stocks (ITB) were +2.5% yesterday to +8.8% YTD
- Healthcare Stocks (XLV) were -0.1% yesterday to +5.9% YTD
- Consumer Discretionary (XLY) stocks were +0.5% yesterday to +5.0% YTD