A 2.8% decline in the Consumer Discretionary sector (XLY) relative to Consumer Staples (XLP) since the Fed's QE∞ announcement may suggest investors aren't buying Bernanke's insistence the program will boost the economy. More likely, it's a case of buy the rumor, sell the news, as the XLY outperformed the XLP by 9.2% in the 6 weeks prior to the Fed move.
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