– Despite the recent pickup in capex and robust manufacturing activity, industrial companies have not benefited from the strong manufacturing environment this year.
– The industrials sector is in position to potentially play catch-up; however, escalating trade tensions are a key risk to this sector.
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Source:
LPL Research, FactSet, Bloomberg 06/15/18
Important Disclosures:
Monthly data.
All indexes are unmanaged and cannot be invested into directly. Unmanaged index returns do not reflect fees, expenses, or sales charges. Index performance is not indicative of the performance of any investment. All performance referenced is historical and is no guarantee of future results.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
The economic forecasts set forth in the presentation may not develop as predicted.
Investing involves risk, including loss of principal.
The Standard & Poor’s 500 Index is a capitalization weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing
all major industries. The S&P Industrials Index is A market capitalization weighted index that tracks the performance of industrial companies.
Because of its narrow focus, sector investing will be subject to greater volatility than investing more broadly across many sectors and companies.
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