Download the Schwab app from iTunes®Close

The Business Cycle: How Does Each Sector Perform?

What you can do next

  • Learn more. Explore Schwab’s latest take on sectors in Sector Views.
  • Make or review your plan. Having a financial plan and an appropriately diversified portfolio can help you weather business cycle changes. Need help? Schwab is happy to talk wherever and whenever it’s convenient for you. Call us at 800-355-2162, visit a branch or find a consultant.
  • Interested in investing now? Open an account.

Important disclosures

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market or economic conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.

Sectors are based on the Global Industry Classification Standard (GICS®), developed by MSCI and Standard & Poor’s.

This is a hypothetical illustration of a typical business cycle. Not all cycles follow the same pattern or progress in the same sequence. Often, phases can be identified only in retrospect.

The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.


Thumbs up / down votes are submitted voluntarily by readers and are not meant to suggest the future performance or suitability of any account type, product or service for any particular reader and may not be representative of the experience of other readers. When displayed, thumbs up / down vote counts represent whether people found the content helpful or not helpful and are not intended as a testimonial. Any written feedback or comments collected on this page will not be published. Charles Schwab & Co., Inc. may in its sole discretion re-set the vote count to zero, remove votes appearing to be generated by robots or scripts, or remove the modules used to collect feedback and votes.