Spending Spree

Group Performance in the last... Sector (ETF) Monthly 3-Months 6-Months Year-to-date 12-Months Consumer Discretionary (XLY) 15.8% 4.4% -12.1% 15.8% -17.8% Communication Services (XLC) 14.2% 14.6% -7.2% 14.2% -25.5% Real Estate (XLRE) 9.5% 11.6% -6.5% 9.5% -12.7% Technology (XLK) 9.1% 6.8% -7.6% 9.3% -14.3% Materials (XLB) 8.9% 13.7% 10.3% 8.9% 2.5% Financials (XLF) 6.4% 7.4% 9.1% 6.4% -5.5% S&P 500 (SPY) 6.2% 5.8% -1.9% 6.2% -8.0% Industrial Goods (XLI) 3.8% 8.7% 6.5% 3.3% 2.7% Energy (XLE) 3.5% -0.9% 21.8% 3.5% 37.9% Consumer Staples (XLP) -1.3% 2.0% -1.2% -1.3% -1.8% Healthcare (XLV) 2.3% 0.4% 0.9% -2.3% 2.1% Utilities (XLU) -2.9% 3.5% -7.1% -2.9% 2.3%

January 2023 Consumers are buying thru borrowing, tech, luxury items and Real Estate. The battered tech sector and small-caps led the charge throughout January, confirming investors' growing risk appetite.