snippets from my weekly report, page-2

'Energy and the Materials sectors tend to under perform in the second half of the year, so we may see topping action in those areas in the coming days or the weeks of June.'

I disagree. From my research the material sector underperforms between February and June and outperforms the rest of the other months:

ENERGY Monthly % median return

Jan 23.9
Feb 17.63
Mar 24.42
Apr 10.49
May -9.09
Jun 12.92
Jul 35.26
Aug 5.58
Sep 6.50
Oct 13.34
Nov 13.30
Dec 18.31

MATERIALS Monthly % median return

Jan 35.74
Feb 17.19
Mar 13.98
Apr 6.70
May -2.92
Jun -3.95
Jul 23.42
Aug 16.46
Sep 17.76
Oct 17.82
Nov 20.84
Dec 28.57

Almut