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Monthly sector update - April 2022

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All sectors other than Financials had positive returns in March, led by Utilities, Energy, and Real Estate. Since the S&P 500's March 8 bottom, Growth sectors have led the market's move higher. The turnaround in Growth-sector performance has been driven by the sectors' largest stocks, with all FANMAG constituents outperforming the S&P 500 since March 8.

Ned Davis Research | Equities | U.S. Sector & Industry Focus | Weekly

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