The S&P 500 is virtually flat on the year, but with the large index there are sectors on the move. The consumer discretionary sector is the second-best performing sector in the index, with a gain of 3.7 percent this year, trailing only the healthcare stocks.
The numbers suggest Americans are not spending a large amount of the money they are saving at the gas pump. The savings rate has been moving in an upward trend as the yearly change in gas prices have been moving straight down. That being said, the performance of the consumer-related companies suggests there is money making its way into their pockets.
Sail Me Away
A niche area within the consumer discretionary sector that has done particularly well of late is the cruise liners industry. Carnival Corp (NYSE: CCL), Royal Caribbean Cruises Ltd (NYSE: RCL) and Norwegian Cruise Line Holdings Ltd ...
/www.benzinga.com/etfs/sector-etfs/15/03/5363531/american-spending-is-great-news-for-etfs alt=American Spending Is Great News For ETFs>Full story available on Benzinga.com
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