The Boring Consumer Staples Group Is Outperforming
- The odds that the stock market will stay as quiet as it did yesterday are very low. It does not have to see more upside movement immediately to give the bulls the upper hand, but it’s still going to have to break above its key resistance levels soon to achieve that goal.
- The boring consumer staples stocks have outperformed the broad market since we turned bullish on the group a month ago. We think it should continue to do well for the rest of this year…especially if the XLP consumer staples ETF can break above a key technical level.