These Sectors Are Fueling the Market Rally. Should You Buy Them?
Since the start of the year, all three major indexes have rallied. The S 500 and the have even climbed in the double-digits. This has been a great relief for investors after the benchmarks fell into bear territory last year. Though we haven't yet shifted into a bull market, there's reason to be optimistic about what's ahead. Bull markets always follow bear markets. So, we can be sure one is on the way (even if we don't know when it will arrive).
Most sectors have participated in this wave of gains since the start of the year. But two in particular have contributed the most. Now you may be wondering if more gains are ahead for these particular industries -- and if you should buy some of the stocks with the most momentum. Let's find out.
First, a look at these industries that have done so well in the first half of 2023. Follow me to the chart below for details. As the chart shows, technology and consumer discretionary stocks have led gains. These sectors have contributed more than 61% and 18%, respectively, to the S 500 rally since the start of the year.
Source Fool.com
