Friday, January 16, 2015 at 11:52AM Below is a look at the average percentage that stocks in the S&P 1500 (which includes large, mid and smallcaps) are from their respective 52-week highs by sector. In the S&P 1500 as a whole, stocks are currently down an average of 15.71% from their 52-week high. In the Energy sector, the average decline is a whopping 45.56%. The Materials sector is the second worst at -21.65%, followed by Industrials at -16.53%. Utilities stocks are the closest to their 52-week highs, which isn't surprising given their massive run in 2014 and their outperformance so far this year as well.
While we're still in a bull market, these numbers show that from an unweighted perspective across all market caps, things are not quite as rosy as you might think.
We'll be expanding on this analysis in our weekly Bespoke Report newsletter due out this evening. Sign up for a 5-day free trial to any of our subscription services to access the report later today.