![]() The two main stocks causing this discrepancy are Netflix (NASDAQ: NFLX) and Amazon (NASDAQ: AMZN). The significant underperformance on an equal-weight basis suggests that Consumer Discretionary is much weaker than it appears underneath the surface. In the Russell 3,000 Consumer Discretionary sector, though, the average stock is actually down 0.1% year-to-date. That's the second-best performing sector in the market. As shown in the chart below, the S&P 500 Consumer Discretionary sector is up 6.3% year-to-date. One of the biggest standouts is the Consumer Discretionary sector. There are some big discrepancies when you look at cap-weighted S&P 500 sector performance versus the performance of the average stock in each Russell 3,000 sector. ![]() These performance numbers highlight how the largest stocks in the market have boosted the performance of major indices. So far this year, the S&P 500 is up 2%, while the average stock in the Russell 3,000 (an index that contains large-cap, mid-cap, and small-cap stocks) is up 0.9%.
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