The S&P 500 rose 3.36% in August, and interestingly, only two of ten sectors outperformed the index as a whole. As shown below, Financials drove the entire market in August with a gain of 12.86%. The Industrial sector was the only other one to outperform the S&P 500 with a gain of 4.14%. Telecom was actually down 2.42%, while Consumer Staples, Energy, and Utilities were all up less than 1%. While breadth has been very strong over the entire rally, it was very weak in August.
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