Sector Performance Report

As of September 30, 2008

Nowhere to Hide: All sectors were down in the past 12 months with telecom getting hit the hardest. In the past three months, Consumer Staples, Financials and Health Care were the only sectors that did not fall. Expect that trend to continue over the coming year.



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Sector Performance Report 9/30/07

In 2007, the industry sectors that are dominated by large cap multinational companies have out-performed all others. As noted by economist Michael Albert on his blog http://www.leadlag.com/, the sectors of the S&P 500 with the highest multinational cap weighting, like energy, industrials, materials and technology, significantly outperformed the domestically dominated sectors such as financials, consumer discretionary and consumer staples.

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Sector Performance Report 3-31-07

The utilities sector posted the strongest 12 month trailing return of nearly 28%, followed closely by the telecom sector at 24% annual return. The worst performing US sector in the past 12 months was the IT sector at just under a 3% total return.

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Sector Performance Report 12/31/06

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Sector Performance Report 9-30-08

The 12 month trailing returns for the energy sector fell to zero while the telecommunications, health and financial sectors rebounded strongly after being in the cellar for a few years. As so often is the case, last year’s winners are this year’s losers.

Sector Performance Report 6/30/06

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