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In September, there was the energy sector and then there was everything else.
The S&P 500 SPX,
Sector has performed stellarly against the 10 other sectors that make up the benchmark for the overall market.
The energy sector jumped 9.3% in September, representing the best monthly return since gaining 21.5% in February, according to FactSet data, but what was also notable were the gains of the sector compared to everything else.
The second best sector in September was Financials, down around 2%, meaning the Energy sector outperformed the second best sector in September by more than 11 percentage points (see attached chart ).
Dow Jones Market Data
The folks at Dow Jones Market Data say it’s the first time the energy sector has been the only sector up in a month since June 2008.
The September rally was of course helped by a surge in the price of CL.1 crude oil,
West Texas Intermediate CL00 crude,
the US benchmark, gained 9.5% for the month and climbed 2.1% for the quarter, marking a sixth consecutive quarterly gain.
Here’s a look at the gains in the energy sector relative to other sectors of the S&P 500 in September.
Dow Jones Market Data
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