The success of the Boston sport teams has been vitally important to the success of the stock market this century. Therefore, all investors must be devastated by the defeat of the Miami Heat over the Boston Celtics!
Seriously though, the consumer staples stocks have become quite oversold. With many big-cap tech stocks having reached EXTREMELY overbought conditions, the “staples” could/should see a bounce…if those tech stocks see a pullback soon. (No group rallies in a straight line…no matter how good their prospects might be.)
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