As we dive into the final stretch of the year, the market landscape is painted with vibrant colors. The fourth quarter, historically a strong period, is shaping up to be a remarkable one, despite the potential volatility brought on by the presidential election. Across the board, major and minor indices are boasting impressive gains, ranging from 10% to a staggering 26%.
One unsung hero is the Invesco S&P 500 Top 50 ETF, which has surged an impressive 25%. Hot on its heels is the S&P 100, with a 23% increase. The tech-heavy Nasdaq has risen 21%, while the S&P 500 and the iShares Russell 3000 have both climbed 20%. The Nasdaq 100 has added 19%, and the NYSE Composite has tacked on 16%. The S&P Equal Weight ETF and the S&P MidCap 400 have both seen 13% gains, followed closely by the Dow Jones Industrial Average, up 12%. Bringing up the rear, the Russell 2000 has still managed a respectable 11% increase.
Sector-wise, the “new growth” Utilities sector has been the clear winner, skyrocketing 30%. Communication Services and Financials have followed closely, with gains of 25% and 21%, respectively. Industrials and Information Technology have both risen 19%, while Consumer Staples has added 18%. Elsewhere, Consumer Discretionary, Real Estate, Healthcare, and Materials have all seen solid gains, ranging from 13% to 15%. Energy, however, has lagged behind, with a modest 7% increase.
In other markets, precious metals have shone brightly, with silver futures jumping 32% and gold rising 29%. Copper has added 18%, and natural gas has seen a 15% increase, thanks in part to a recent boost from China.
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