Can Consumer Staple Correction Allow Cyclical Strength?
November 20, 2019 at 08:00 AM EST
As more investors were heading into bonds amid the summertime volatility, they also added safer plays like consumer discretionary equities to their portfolios. However, recent weakness in consumer staple funds like the Consumer Discretionary Select Sect SPDR ETF ( XLY A ) could be a sign that more cyclical strength could be ahead.