A couple of cool heat maps to illustrate what worked in January. The ETF map shows the U.S. outpaced the emerging markets with energy and select tech leading the way. Europe bounced big with Spain’s country ETF, EWP, up 14 percent and Italy’s, EWI, up over 10 percent.
In the S&P 500, independent oil and gas companies had a big month, led by EOG Resources which increased 16.58 percent for the month. Large caps performed well led by XOM, GE, and IBM, all up over 10 percent for the month. (click here if charts are not observable)