Q2: In Search of the Winners

A good start to the year, followed by a decline and the subprime fiasco. So where will the leaders come from in the next quarter?

During the first three months of this year, the S&P 500 was in the black—albeit modestly—but three of its 10 sectors posted declines and two more were essentially flat. Cyclical sectors were down, while defensives were up.

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