Back to the Future: Why 2013 Was Like the 1990s for Stocks
The stock market has performed very well in 2013, with the S&P 500 up more than 25% since the beginning of the year. But even more remarkable, as the Associated Press recently observed, is that all 10 sectors of the S&P are up so far this year, and if they can rise by 10% or more, it'd be the first time that's happened since 1995.
In the following video, Dan Caplinger, The Motley Fool's director of investment planning, looks at this phenomenon and why the market has been so strong. Dan looks at strength in the industrial sector, with Delta Air Lines flying high on big demand for travel and sizable ancillary-fee revenue, while Ford has catered to car buyers releasing their pent-up demand for new vehicles. At the same time, Dan observes, consumer stocks have done well because of their defensive nature. Still, Dan identifies some laggards, including utility FirstEnergy and telecom CenturyLink , as potentially holding back the market from this noteworthy milestone.
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The article Back to the Future: Why 2013 Was Like the 1990s for Stocks originally appeared on Fool.com.
Fool contributor Dan Caplinger has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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