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.
Are the Bank of England’s external rate-setters pointless?
-
With charts, data and vibes, we will prove: eh, probably not, but maybe
more than they used to be
No comments:
Post a Comment