This post first appeared on FloatingPath
The S&P 500 is up an impressive 24% so far in 2013 as investors continue to be optimistic in the absence of indications the Federal Reserve will taper its asset purchases yet. This year’s market gains are also some of the most balanced we have seen in a historical sense.
Joseph Quinlan, Chief Market Strategist at U.S. Trust., points out that not since 1995 have all 10 sectors of the S&P 500 gained 10% or more. However, 9 sectors have increased that much on 3 different occasions since then.