In 2013, market participants couldn’t get enough of cyclicals, or consumer discretionary stocks. The XLY (ETF that tracks consumer discretionary) rose more than 40% in 2013 to lead all sectors on a relative basis. But things have changed in 2014, with many of the strong industry groups in 2013 lagging badly in 2014. A prime example is the Dow Jones US Business Training & Employment Agencies index ($DJUSBE). Take a look at how quickly this industry group has fallen from power:
