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A 2.8% decline in the Consumer Discretionary sector (XLY) relative to Consumer Staples (XLP)...

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.
Comments (1)
  • Inflation is here! Look at price of food and gasoline! It is just that simple. The gov't doesn't compute it in their CPI for COLA but the prices are still going up while wages are going down. We must let Obama go.
    2 Oct 2012, 08:17 AM Reply Like
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