It might not be the best sign for the level of risk investors are currently willing to accept at the sector level, but the consumer staples sector is on fire.
That much is confirmed by some important data points. For example, 30 exchange traded funds hit all-time highs on Wednesday and eight were staples funds. Add to that, since the start of the current quarter, the Consumer Staples Select SPDR is up 5.4 percent, easily the best showing among the nine sector SPDRs.
That is great stuff for staples ETFs, but imagine how good things would be for these funds, particularly cap-weighted fare like Consumer Staples Select Sect. SPDR (ETF) (NYSE: XLP), if they were getting some help from the sector's biggest constituents.
Rain On The Parade
As CNBC notes, former staples darlings such as Keurig Green Mountain Inc (NASDAQ: GMCR), Whole Foods Market, Inc. (NASDAQ: WFM) and Dow component Wal-Mart Stores, ...
/www.benzinga.com/trading-ideas/long-ideas/15/08/5740631/the-consumer-etf-doing-great-but-could-be-much-better alt=The Consumer ETF: Doing Great, But Could Be Much Better>Full story available on Benzinga.com
More...