More on Consumer Sentiment: The 74.5 read wasn't just sharply below the 83 consensus, it was 5...

|About: Consumer Discretionary S... (XLY)|By:, SA News Editor

More on Consumer Sentiment: The 74.5 read wasn't just sharply below the 83 consensus, it was 5 points underneath the lowest estimate out there. It was led by a 13 point plunge in expectations to 64.6. Double-digit declines are very rare, say the report authors, and point to a "sudden pessimism" as the final surge of the holiday shopping season approaches. The XLY, XRT, and XLP can't be bothered, all with moderate gains today.