According to updated GDP reports, the U.S. economy grew at its fastest back-to-back quarterly rate since 2003. Yet few would attribute the U.S. dollar’s surge against competing currencies to the upbeat news.

Utilities, healthcare, small cap stocks, technology, and financials are among the best.

Measured by one-total performance, the Health Care Select Sector SPDR (XLV) is up nearly 24% through yesterday’s close (Oct. 23).

Clearly, the S&P 500 SPDR Trust (SPY) performed remarkably well in 2014. For improved risk-adjusted rewards, it could easily have been paired with Vanguard Total Bond.

An encouraging economic report was released Monday, which increased concerns about a sooner rather than later Fed rate hike.

The Wall Street media may celebrate the 33% intra-day jump in Alibaba shares. They may tout the record highs in the Dow and the S&P 500. However, they are missing the boat on both the economy as well as key stock market divergences.