Over the past month we have observed some very interesting activity across the market’s more defensive sectors, considerable outperformance. Below we can see just how significantly the Utilities ((XLU), Healthcare ((XLV), Energy ((XLE) and Real Estate ((XLRE) sector ETF have outperformed the S&P 500 (in orange).The difference in performance is even more stark when compared to the Semiconductor ((SOXX) and Technology ((QQQ) ETFs, which have been the market darlings all year.So, what is going on here and how ...