The second quarter was largely constructive for most segments of the equity markets, though sector leadership changed materially over the first quarter. While 2017 saw the majority of equity sectors perform strongly, 2018 strikes a different tone with three of the nine sectors performing well while the balance were either near-neutral or negative on a year to date basis. What is consistent, and what continues to drive the overwhelming majority of returns, is the largest weighted sector, information technology. The weighting on information technology has only been higher during a 10-month window from December 1999 to September 2000…