|BEST SECTORS YTD|
|Real Estate - Operations||23.4%|
|RE - Credit||22.6%|
|Casinos & Gaming||21.4%|
|Discretionary - Leisure||18.9%|
|Semi - Fab||18.8%|
This list couldn't be more different from the worst performers year to date which are all steady, safe, defensive sectors such as commodities, bonds, staples, food, tobacco, waste, oil and energy, telecom and utilities. Investors are flocking to high-risk, and high beta securities as the threat of any economic slowdown or recession seems to be a distant possibility that couldn't really happen.
|WORST SECTORS YTD|
|Beer & Liquor||2.3%|
|CONSUMER STAPLES & FOOD||2.5%|
|Tobacco - Pot||3.6%|
|Toys & Games||4.0%|
|Oil & Energy||4.8%|
|Telecom - Intl||5.7%|
|Business - Consulting||6.7%|
It's times like this when investor sentiment is running high, and greed seems rampant that a safer allocation really makes sense. In the coming days and weeks we are highly likely to reposition our portfolios and positions reflecting the same strategy.
Here's a good read from JP Morgan's perspective on markets.