After hitting a new all-time high in the first days of March, the consumer discretionary sector has been slowly bleeding lower as skittish investors pull back on growth stocks.
The Consumer Discretionary Sector SPDR (NYSE: XLY) and Vanguard Consumer Discretionary ETF (NYSE: VCR) are two of the largest ETFs that track a basket of companies engaged in non-essential consumer goods or services.
This sector is typically dominated by media, specialty retail, entertainment, and automobile manufacturers that end to be more sensitive to consumer activity during different phases of the economic cycle.
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Both ETFs were stellar performers in 2013 as growth and momentum investors piled into this arena. However, the combination of ...
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