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.
James Carville Has Meltdown Over Young Voters Sitting Out the Election
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Trump is ahead in the latest poll. Younger voters leave the Biden camp.
James Carville has a meltdown.
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