In the past 13 rising - rate environments over the past 64 years, tech and
health care sectors gained an average of 20 % and 13 %, respectively during the 12 - month period following the first rate hike of each cycle.
Not exact matches
Cramer predicted that the first two
sectors to bottom would be the banks, dragged down by Wells Fargo after the Federal Reserve placed restrictions on its business, and
health care, which has seen more pain than
gain of late.
The
gains also have been broad - based, with
sectors such as financials, consumer goods, technology and
health care all advancing.
Health care continues to deliver, but
gains in the
sector have averaged 22,000 per month so far this year, compared to 32,000 per month last year.
In terms of economic
sectors, the significant losses in energy and materials pulled the MSCI World Index into negative territory despite
gains for consumer, technology and
health care stocks, which have larger index weights.
The S&P SmallCap 600 ®
Health Care sector index led the pack, ending the quarter up over 15 %, while the S&P SmallCap 600
gained 4 %.
On a total return basis, the S&P 500 ®
Health Care sector index
gained 6.5 % Read more -LSB-...]
While individual
health care ETFs dominate the top 10 list, the
health care sector as a whole is now underperforming the homebuilders
sector, which
gained an annualized 15.6 % on average over the last five years.
Professional and business services, the food service and retail
sectors and the
health care industry reported the strongest job
gains, said the Labor Department.
Gained experience with software development for public and private
sectors, including financial and
health care industries.