Perhaps it is not the best sign for the current level of risk appetite toward stocks, but consumer staples stocks and exchange-traded funds have been leaders since the start of the third quarter.
Sector SPDRs
The Consumer Staples Select Sect. SPDR (ETF) (NYSE: XLP) and the Utilities SPDR (ETF) (NYSE: XLU) are fighting for top honors among the nine sector SPDRs this quarter. On Thursday, just nine ETFs hit all-time highs and a third were consumer staples funds. To this point in Friday's session, six ETFs have joined the all-time high club and two are staples funds.
PBJ In Focus
The PowerShares Dynamic Food & Beverage(ETF) (NYSE: PBJ) was one of the staples ETFs to hit a new high yesterday and is just pennies away from doing ...
/www.benzinga.com/trading-ideas/long-ideas/15/07/5724597/i-like-coffee-i-like-tea-i-like-what-this-staples-etf-does-fo alt=I Like Coffee, I Like Tea, I Like What This Staples ETF Does For Me>Full story available on Benzinga.com
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