The consumer staples sector and its corresponding exchange traded funds have been dependable to say the least in 2016. Just look at the iShares U.S. Consumer Goods ETF (NYSE: IYK), which has soared nearly nine percent over the past 90 days and recently touched all-time highs.
Naysayers will assert several things about an equity market rally that involves leadership from a boring sector such as consumer staples. As it pertains to 2016, the are likely to assert that staples are rate-sensitive, thereby getting a boost from the Federal Reserve's reluctance to raise interest rates. They would be correct.
Critics would probably also say the low volatility factor's leadership is lifting staples and that the sector is again richly valued relative ...
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