Staples ETFs Could Now be Oversold
September 14, 2016 at 17:43 PM EDT
After placing as one of the best-performing sectors for more than half of this year, the consumer staples sector has recently retreated. However, the Consumer Staples Select SPDR (NYSEArca: XLP) is down nearly 4% over the past month on concerns defensive sectors are overvalued and that...