Best-performing S&P 500 sectors after the Fed rate pause

The article is a sector rotation note on the S&P 500 following the Fed’s decision to keep rates unchanged. It says investors favored sectors tied to growth, innovation, and inflation protection, with semiconductors, healthcare, and energy emerging as the strongest 1-year performers. Micron, AMD, and Nvidia are highlighted as key semiconductor winners amid persistent AI demand and analyst upgrades. Healthcare names such as Eli Lilly and Johnson & Johnson are framed as defensive growth leaders, while Exxon Mobil is presented as an energy/income play that benefits from inflation-hedge demand. Financials, including JPMorgan and Visa, remain resilient but lag the top-performing groups. Overall, the piece suggests a low-rate, high-liquidity backdrop is supporting high-quality growth and defensive sectors more than cyclical or rate-sensitive areas.