Last year, the Consumer Discretionary SPDR (ETF) (NYSE: XLY) was the leader among the sector SPDR exchange-traded funds with a 9.9 percent gain. Less than two months into 2016, XLY has given all those gains back, and then some, with a 10.7 percent loss.
XLY's 2016 tale of trouble is not hard to figure out. Put simply, what worked for the ETF last year is not doing so this year.
Things Ain't What They Used To Be
Take the case of Amazon.com, Inc. (NASDAQ: AMZN). XLY's largest holding at a weight of 9.6 percent, Amazon has bled nearly a quarter of its value this year.
Amazon is just one example, but the stock's year-to-date tumble serves as a reminder that the consumer discretionary sector is typically more volatile than ...
/www.benzinga.com/trading-ideas/long-ideas/16/02/6271280/consumer-conundrum-assessing-this-etfs-rebound-prospects alt=Consumer Conundrum: Assessing This ETF's Rebound Prospects>Full story available on Benzinga.com
More...