Seeking Alpha
Registered investment advisor, macro, ETF investing
Profile| Send Message|
( followers)  

The market staged an impressive bounce back Tuesday, with the S&P 500 gaining back nearly 2/3 of Monday's decline. No sector was more impressive Tuesday than Consumer Staples. As shown in the three-day Bloomberg snapshot below, the Consumer Staples sector has already gained back all of Monday's losses and then some, putting it right back to new all-time highs. As shown in the second chart below, Consumer Staples has been on a remarkable run since the start of the year.

(click to enlarge)

(click to enlarge)

Source: The Unstoppable Consumer Staples Sector