Here are charts of the utilities and consumer staples SPDRs in 2000, and then compared to technology. Utilities peaked in November and staples in December. Both made their all-time high 8 to 9 months after the dotcom bubble had burst. Between March 24 and December 29, 2000 (simply the slice I grabbed when highlighting the chart), the returns for XLU, XLP and XLK were +32 percent, +41 percent and -51 percent.
Scrambled Cheggs
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FEEDIt seems that a business model of renting textbooks would have been
amazing in the 1970s and 1980s, but these days………..not so much. This 96%
wipeout is...
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