Now there are 11 and it’s Real

According to the Schwab Newsroom dated today, beginning September 1, there will be a new sector added to the major classification system. The current GICS started in 1999 as published byt the S&P.  There are 10 (or were 10 if you are reading this after Sept 1) classifications: Consumer Discretionary; Consumer Staples; Energy; Financials; Health Care; … [Read more…]