Sector	PEFy1	PEFy2	2017Growth
Consumer Discretionary	14.65	12.77	13.48
Consumer Staples	18.99	16.85	14.03
Energy	11.10	9.89	12.45
Financials	11.81	10.50	11.55
Health Care	17.45	15.61	11.15
Industrials	15.32	13.50	13.89
Information Technology	15.41	13.51	12.42
Materials	11.53	10.46	9.95
Real Estate	14.41	13.68	7.83
Telecommunication Services	13.06	11.40	17.27
Utilities	12.10	10.98	10.96

Chart: Industrials, Capital Goods Companies in Focus

Various Valuation Metric Distributions

Source: ML

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Emerging markets energy stocks rebound, while US energy stock performance drags MSCI ACWI energy sector to be still the worst sector ytd and this is despite oil price is c.12% up ytd. Sugar, Natural gas and Coffee take lead as worst commodities performers ytd.
Real estate sector takes lead as a top performer last month and Information technology is still the best sector ytd followed by materials and industrials.
Perennial leaders among industries are consumer services and software service up 60% and 51% respectively ytd.
While laggards are Energy: Energy Equipment & Services -24% and diversified telecom services -8% and this is among global stocks in the MSCI ACWI.
On the emerging markets the best stocks are in Pharmaceuticals, Biotechnology & Life Sciences: Life Sciences Tools & Services +140% ytd followed by Technology Hardware & Equipment: Communications Equipment while the worst are Multi-Utilities -16%

Consumer Discretionary: Is Bravo Brio Restaurant Group Inc (BBRG) Still A Cheap Consumer ...	Consumer Staples: Hong Kong stocks gain ground as Tencent hits all-time high ...	Energy: Asia markets shrug off Wall Street's slide to close higher; Nikkei ...
Financials: Japanese equities climb as Hong Kong financials fall	Health Care: European Equity Benchmarks Close Lower; Investors Sell Off ...	Industrials: Stocks close lower as GE drops to lowest level since 2011
Materials: ASX falls for fourth straight day; materials stocks lead losses	Technology: Only in "foothills" of another tech bubble-RLAM's Greetham	Telecommunication Services: S&P Dow Jones Indices And MSCI Announce Revisions To The ...
Utilities: Why You Shouldn't Pass Over Utilities Stocks