S&P 500 Sector Weightings And Thoughts

Here is how the current S&P 500 breaks down.

Technology 18%

Tech has had a huge run. Great results from Intel, Apple, and IBM have the hot money in tech land for the time being. But Microsoft states business spending is weak. Amazon revenues were also weak. Where is the killer application? This sector is way over owned similar to early 2000.

Financials 13%

My mom once said "If you don't have anything good to say about someone or something - shut up!"
Sorry mom. The banks suck. Worse off they lie, cheat and steal. This includes Goldman Sachs. Credit losses are no where near peaking. The odds of a double dip recession will ripple through the sector.

Energy 13%

Energy is on a roll because Wall Street is running them up again. How long can this go on in the face of future CTFC reform?

tradersutra.blogspot.com/2009/07/trading-limits-under-review-by-cftc.html

tradersutra.blogspot.com/2009/07/crude-oil-speculation.html


Health Care 13%

Should be OK as the Obama Reform Plan is really not a plan.

tradersutra.blogspot.com/2009/07/obama-healthcare-is-like-obama-banking.html

Consumer Staples 12%

Exposed and leveraged to consumer economy.

Industrials 10%

Acting OK, but leveraged to economy. So far this recovery is uneven at best.

Consumer Discretionary 9%

Unemployment rising along with dropping wages will weigh on the consumer.

Materials 4%

USX Steel out with bad numbers underpinning shallow uneven recovery.

Utilities 4%

Levered to Interest Rates which are going higher.

Telecom 4%

Levered to capital expenditures and credit.