Rosenbluth also pointed out that health care and telecom services are two other favored sectors in the S&P 500 index.
Investors interested in tracking the two S&P 500 sectors can take a look at the Health Care Select Sector SPDR (NYSEArca: XLV) and SPDR S&P Telecom ETF (NYSEArca: XTL). Year-to-date, XLV is up 5.6% and XTL is 2.2% higher.
Consumer Discretionary Select Sector SPDR
For more information on the consumer sector, visit our consumer discretionary category.
Full disclosure: Tom Lydon’s clients own shares of XLY.
Max Chen contributed to this article.