Discretionary/Staples Divergence a Positive Sign
February 25, 2014 at 07:00 AM EST
Just three of the nine sector SPDRs exchange traded funds are higher on a year-to-date basis. The Consumer Discretionary Select Sector SPDR (NYSEArca: XLY) and the Consumer Staples Select Sector SPDR (NYSEArca: XLP) are not in that group of three. However, XLY’s out-performance of XLP, albeit...