The S&P 500 closed Friday up only 3.3% year-to-date, down from 7.5% on “melt-up” Friday, Jan. 26. The S&P 500 is divided into 11 sectors and each sector can be traded using its own exchange-traded fund. Only four of 11 sector ETFs are outperforming the average led by consumer discretionary because its largest component, Amazon (AMZN), has a 19.18% weighting in that sector ETF. Financial, health care and technology are also outperforming the average. The laggards are REITS, materials, consumer staples and utilities, down 6.9%, 0.1%, .7% and 5.3%, respectively, year-to-date.