Only One Industry Is Green In March

March has been relatively rough month for equities so far. Of the 24 industries that we track, 23 are negative! The only industry that is currently positive MTD is the Semiconductor & Semiconductor Equipment industry. This group had a strong week last week (+3.23%) while the average stock was barely up 1 basis point. Semi's are actually the 2nd best performing group YTD as well. They trail only the Pharmaceuticals Biotechnology & Life Sciences industry.

image

© GaveKal Capital

Read more commentaries by GaveKal Capital