Please CLICK HERE to download the February sector allocation report in PDF format.

Happy February to the FS Insight family!

In the past January, the market zigzagged higher. Most notably, after experiencing declines of up to 25%, the market finally reached a new high at the close on January 19th.

Looking at sector performance, the overall leadership pattern was quite clear. In the first 3 trading days of January, the cyclical sector was under significant pressure, while the broadly defensive sectors performed relatively well.

However, starting from the fourth trading day, the cyclical sectors, or more specifically, technology, made a strong comeback. The technology sector outperformed the overall market for 12 consecutive trading days, pushing the market to new highs. Although technology's momentum slightly waned in the final sessions, with broadly defensive sectors making a comeback, technology remained the top performer of the month, outpacing the overall index by 2.3%.

Financials and healthcare also performed well, each surpassing the overall index by 1.3%. Consumer Discretionary, Basic Materials, Real Estate, and Utilities were mainly lagging, down by more than 3%.

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Sector RatingsCompared to last month's outlook, the biggest change this month ...

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