October 2008
How sectors fared during inflationary periods
We looked at four periods since 1990 when inflation was trending upward: June through December 1990, June 1994 through December
1996, December 1998 through June 2000, and December 2002 through June 2006. Here are the average returns of 10 stock sectors
during those periods.
| Sector | Average return |
|---|---|
| Information technology | 63.2% |
| Energy | 51.6 |
| Health care | 35.2 |
| Industrials | 32.5 |
| Financials | 28.4 |
| Utilities | 23.8 |
| Consumer discretionary | 23.6 |
| Materials | 20.0 |
| Consumer staples | 15.4 |
| Telecom | 9.5 |
| S&P 500 | 34.5 |
