Outperforming sectors look to be financials, healthcare and possibly consumer non-durables which strangely have led the market.

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During the eighties, I saw this phenomenon in broadcasting, gaming casinos, natural resources, department stores, banking and finance as well as technology and consumer non-durables.

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Consumer non-durables and healthcare are underleveraged plays in an economic resurgence.

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As Europe stumbles into recession our multinational corporations must feel the heat from a declining euro and lessening revenues, particularly sectors like technology, consumer durables and non-durables and financial services like credit cards receivables, travel and entertainment.

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Consumer-goods orders fell 1.9%, with consumer durable goods orders falling 0.7% and non-durables down 2.2%.

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