Note that the top two groups are gold mining ($DJUSPM) and mining ($DJUSMG). These are groups that tend to perform well when the market is fearful, so it's no surprise to see those two leading the pack. The top two performing consumer discretionary groups are specialty retailers ($DJUSRS) and apparel retailers ($DJUSRA), which do seem a bit surprising to me as those groups would represent industries likely to be impacted by the spread of the coronavirus - at
least to some degree. Anyhow, I just thought that was interesting so I wanted to pass it along. You can peruse this list of industry groups that seem to be holding up the best under the intense selling pressure this week.
Finally, I've written my latest Trading Places blog at StockCharts and identified the best and worst performing industry groups over the past week. I think you might enjoy reading that as well. Here's the link to that article:
While you're at my Trading Places blog, be sure to scroll down, enter your email address, and hit the "Subscribe" button in the space provided so that you can begin receiving my blog articles there the moment they're published!
