The stock market fell nearly an entire percent after news broke of a confirmed case of the Wuhan Coronavirus entering the United States.
Total Report (Since October 11th, 2019)
Positive Performing Sectors
1. Healthcare (+11.84%)
2. Information Technology (+10.09%)
3. Industrials (+8.92%)
4. Consumer Staples (+6.29%)
5. Utilities (+6.14%)
6. Materials (+4.03%)
7. Communication Services (+3.52%)
8. Consumer Discretionary (+3.13%)
9. Financials (+1.60%)
Negative Performing Sectors
10. Real Estate (-2.05%)
11. Energy (-5.26%)
Weekly Report (January 24th, 2020)
1. Healthcare (+11.84%)
2. Information Technology (+10.09%)
3. Industrials (+8.92%)
4. Consumer Staples (+6.29%)
5. Utilities (+6.14%)
6. Materials (+4.03%)
7. Communication Services (+3.52%)
8. Consumer Discretionary (+3.13%)
9. Financials (+1.60%)
Negative Performing Sectors
10. Real Estate (-2.05%)
11. Energy (-5.26%)
Weekly Report (January 24th, 2020)
Positive Performing Sectors
1. Utilties (+3.09%)
2. Information Technology (+0.55%)
3. Materials (+0.04%)
Negative Performing Sectors
1. Utilties (+3.09%)
2. Information Technology (+0.55%)
3. Materials (+0.04%)
Negative Performing Sectors
4. Communication Services (-0.08%)
5. Consumer Staples (-0.19%)
6. Financials (-0.68%)
7. Real Estate (-0.84%)
8. Healthcare (-0.93%)
9. Industrials (-0.95%)
10. Energy (-1.53%)
11. Consumer Discretionary (-3.07%)
5. Consumer Staples (-0.19%)
6. Financials (-0.68%)
7. Real Estate (-0.84%)
8. Healthcare (-0.93%)
9. Industrials (-0.95%)
10. Energy (-1.53%)
11. Consumer Discretionary (-3.07%)
GICS Sector Performance Ratio - Balanced: From 10:1 (90.91%) to 3:8 (27.27%)
Review
Review
The pullback on stock gains last week was expected for Monday as investors sought to offload their earnings. They rose slowly over the week until news of the Wuhan epidemic had reached the US in its first confirmed case. Normally there would be cause for concern, however the US has been through many epidemics in the past twenty years: the Swine Flu and Ebola to name a few. Neither one resulted in a catastrophic health crisis and it would be reasonable to assume the Coronavirus is no different. The market setback from the epidemic news, therefore, could be considered a temporary setback until the market climbs back up within the next few weeks. Unless this epidemic truly grows into a serious threat worldwide, the impact the virus will have will be minor at best.
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