The markets continued their downward trajectory during September with the S&P 500 Index registering a return of -2.64%, bringing the year to date decline to negative -6.74%. For the trailing 12 months, the S&P 500 is down -2.65%.
Year-over-year, crude oil is down from about $95.00/bbl to ~ $45.00/bbl, or a decline of almost 53% – incredible! Gold is down from a little over $1,200/oz to around $1,110/oz or so.
For the trailing 12 months, the best performing sectors, all with positive returns (from best to worst), were: 1) Consumer Discretionary, 2) Consumer Staples, 3) Health Care, 4) Utilities, and 5) Information Technologies. Sectors with negative returns, from worst to best include: 1) Energy, 2) Materials, 3) Industrials, and 4) Financials. Year-to-date, the only sector with positive returns was Consumer Discretionary, up about 4%.