Consumer Discretionary S&P 500
A Tale Of Two CDs
Investors considering a position in the Consumer Discretionary sector need to be aware of what they are buying: a basket in which one-half consists of mature, modestly-valued consumer brands, while the other half is two mega caps with excellent growth profiles and high absolute valuations. It would be a mistake to view this sector as a homogeneous set of companies.
Consumer Discretionary: Neither Fish Nor Fowl
The combination of rebounding economic activity and a surging (peaking?) enchantment with mega cap growth stocks is pressing investors to make an important tactical call: whether to take profits in some highfliers and shift assets to sectors with more cyclical exposure and better valuations.
Research Preview: Not Your Parents’ “Discretionary”
The combination of rebounding economic activity and a surging enchantment with mega-cap growth stocks is pressing investors to make an important tactical call: whether or not to exit some highfliers and shift assets to sectors with more cyclical exposure.
Rates Are Already Clobbering Consumer Stocks
“Three steps and a stumble” was the old rule of thumb for timing the impact of Fed tightening on the stock market.
Nice Gains… But In The Wrong Groups
Sure looks like a bear market rally rather than start of new bull market. Many global indexes still down 20% or more from peak levels.
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