Which sectors fared the best during 8-year bull market?
The bull market began eight years ago. While only three people actually called the start of the market — and two of them are lying — it’s a useful point in time to study the second-longest bull market in history.
The U.S. had just suffered its worst financial crisis since the Great Depression, and its worst bear market since Herbert Hoover was in the White House. The Standard & Poor’s 500 stock index stood at 676.53. Since then, it has soared 19.5%, including reinvested dividends.
As in all bull markets, some investments did better than others. Consumer discretionary stocks soared 448%; energy stocks rose just 69%, according to Howard Silverblatt, senior index analyst for S&P Dow Jones Indexes. Top stock in the S&P 500: biotech stock Incyte (INCY), up 6,455%. Worst surviving S&P 500 stock: Southwestern Energy (SWN), down 71.9%.
Not surprisingly, there was plenty of variation in the mutual fund and ETF universes, too. Let’s take a look.