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The markets quickly reversed course and have been on a tear ever since, closing in on the all-time highs.Though the markets have rallied, there has been a clear preference for certain sectors. Money has flowed out of certain sectors and has flowed into the others, as shown in the chart below, sourced from the Market Realist. Many experts warned of a sharp sell-off in the event of a Trump win, which did happen, but only for a couple of hours.

Top Sectors

The top three sectors have been the financial select sector SPDR ETF (XLF), followed by the industrial select sector SPDR ETF (XLI) and the health care select sector SPDR ETF (XLV).

The markets are hoping that Trump will repeal the 2010 Dodd-Frank Financial Reform Act, which has limited bank's profit-making capabilities.

"The Trump campaign did say it would repeal Dodd-Frank. Rates are higher and the yield curve is steeper. Those are all good things for the banks," said Warren West, principal at Greentree Brokerage Services in Philadelphia, reports Reuters.

Trump has pledged to boost investments in infrastructure. "We are going to rebuild our infrastructure, which will become, by the way, second to none," Mr. Trump said during his victory speech, hence, it is no surprise that the industrial sector has been one of the major beneficiaries.

The drug companies have been beaten down, fearing a Hillary Clinton win, as she has been against the drug price increases.

"The impression was a Hillary victory could have affected that sector adversely," said Geoffrey Yu, head of the U.K. investment office at UBS Wealth Management, which oversees $2.1 trillion, reports The Wall Street Journal.

Worst Sectors

The utility sector ETF XLU has been the worst performer, preceded by the consumer staples (XLP). Both these are defensive sectors, which are favored when the stock market and the economic expectations are falling.

With the US Federal Reserve expected to increase rates at a much faster pace than previously anticipated, high-dividend stocks lose their attractiveness when compared to the higher Treasury yields.