Stocks quoted in this article:
The sectors that are rallying today are indicative of fear from a strong economy. The PHLX Forest and Paper Products Index (FPP - 353.49
) , the S&P Chemicals Index (CEX - 474.15
), and the PHLX Oil Service Sector Index (OSX - 71.99
) are the leading indices with returns of 5.4 percent, 2.8 percent, and 2.4 percent, respectively. It should be noted that each of today's leaders has been generally poor performers in the last few months. Brining up the back of the pack are the technology names with the PHLX Semiconductor Index (SOX - 594.9
), the AMEX Disk Drive Index (DDX - 91.68
), and the PHLX Gold and Silver Index (XAU - 62.87
) which are -5.7 percent, -4.3 percent and -3.2 percent, respectively. Oddly, the XAU cannot find friends, even as the specter of inflation looms.