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The consumer staples sector of the S.&P.
On average, dividend payers won the February race in the consumer staples sector through Thursday.
It replaced the consumer staples sector, which had been the largest payer of dividends for the previous three years.
Among the top gainers were the consumer staples sector index, up 1 percent, and the financial sector, also up 1 percent.
Monster Beverage rose $2.33, or 4.7 percent, to $52.01, helping to elevate the S.& P. consumer staples sector index, which rose 1.1 percent.
In a general market meltdown the consumer staples sector usually performs relatively well.
Similar(42)
The best-performing groups were the telecommunications services and consumer staples sectors, slipping 10% and 11%, respectively, while the health care and utilities sectors were both down 12%.
Stovall's rotation strategy doesn't advise pulling out of the market in May, but rather turning more defensive to take advantage of the historical outperformance of health care and consumer staples sectors, which have beaten the S&P 500 60% of the time from May to October.
Yet in recent years, tech shares have quietly become the second-biggest contributor to S.& P. 500 dividends in dollar terms, just behind the consumer-staples sector.
Since last summer, the consumer discretionary sector (companies that make things households want, not need) has returned more than 13 percent, versus 8 percent for the more conservative consumer-staples sector.
The consumer staple sector has been one of the stronger sectors in this weak market.
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