Materials leapt five spots to #3 in our broad sector rankings. Industrials remains the highest rated sector.
A small position in Steel was established in late June to increase our exposure to the top ranked Materials sector.
Added a new holding in Steel stocks to the Select Industries portfolio in September.
Group showing strength and is likely a beneficiary, along with the construction industry, of much needed expansion of U.S. energy facilities.
Internet Retail and Steel were this week's best groups. Tech Hw Stor & Periph and Railroads were this week's worst groups.
Multi-Utilities and Steel were this week's best groups. Pharmaceuticals and General Merchandise Stores were this week's worst groups.