Frugal Consumers Could Keep Discretionary ETFs From Breaking Out
July 23, 2015 at 10:00 AM EDT
U.S. growth has been fueled by debt-driven consumption. However, consumers have trimmed down debt, potentially diminishing the outlook for consumer discretionary sector-related exchange traded funds. Year-to-date, the Consumer Discretionary Select Sector SPDR (NYSEArca: XLY) rose 10.1%, Vanguard...