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Kent Thune

Best Sectors, Third Quarter 2013

By September 30, 2013

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Extending upon the theme in my previous 3rd quarter market summary, risky assets made a comeback in the past three months. According to Morningstar, the best sector for the quarter was Technology, which pulled in a healthy 14%. Performance was driven by attraction to social media companies, such as Facebook and news of the Twitter IPO, along with early-quarter interest in Apple.

Precious metals shined in the 3rd quarter with a gain of 19%, the health sector was strong with 14% and Europe Stocks rebounded 14%. Another noteworthy point is that all major sectors were positive in the 3rd quarter and the US Market is up 22% year-to-date, despite economic headwinds, such as concern over the Fed's tapering of stimulus and the US government shutdown.

Comments
October 3, 2013 at 3:58 pm
(1) Clyde says:

OK, a nice market sector summary…
I can get that anywhere.
The rear view mirror takes no brains.
Will you stick your neck out and publish a forward view of insights into WHICH SECTORS will do best in Q4 ???

October 3, 2013 at 4:46 pm
(2) Kent Thune says:

Clyde,

I agree. The “rear view mirror” market summaries take no brains to write but some readers like to check the rear view from time to time, just as they may look at their account statements.

As for forward view of insights, it takes no brains to do that either. However, with that said, I’ll post something next week that will comment on what sectors may do well post-Obama/Congress bickering.

Once I post the sectors for Q4, I’d love to hear your feedback and/or insights as well.

Thanks for reading and commenting…

Kent

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