The above chart shows just how evenly distributed losses were today. Most Industry Sectors were down between -0.6% and -0.8%. Rarely do we see such an even distribution across the board.The only two sectors to buck the trend were Information Technology (flat on the day) and Energy -0.2%.
We're coming into a seasonally strong period for Energy which has been one of the worst performers in the market for some months. Last week it was one of the best performers amongst the Industry Sectors, shaded only by Telecommunications.
Its worth keeping an eye on Energy stocks from here on.
Cheers
Lance
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