Will 2022's Near-Perfect Sector Rotation Continue Into 2023?

 

Sector performance reversed again in the 2010s with IT stocks, consumer discretionary and health dominating, while energy stocks, the darlings of the 2000s, underperformed. So, was 2022 the beginning of another decade-long sector reversal? It’s impossible to know for sure, but so far, higher inflation has boosted the stocks of commodity producers while higher interest rates and bond yields have hurt the previous decade’s high fliers. 

Returns by sector

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