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In an economic scenario where much more of the economy has shifted on-line to mitigate the spread of the virus, it is not surprising that Information Technology (XLK) is the best performing sector on the year, gaining 5% in a year where the market is currently down 8%. The only other sector in the green on the year is Amazon (AMZN)-led Consumer Discretionary with a positive sector return of less than 1%.
It is also not surprising that Energy (XLE) is the worst performing sector. The oil and gas