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Bespoke: Huge Underperformance Of Consumer Discretionary

edited November 2019 in The Bullpen
FYI: In a post last week, we noted that despite headlines suggesting the strength of the consumer, Consumer Discretionary stocks have been lagging the market in a major way recently. Another way to illustrate underperfromance is in the rolling 20-day performance of the S&P 500 versus the Consumer Discretionary sector. As of last week, for example, the S&P 500 was up 4.1% over the trailing 20-trading days whereas the Consumer Discretionary sector was down over 1%. That wide of a performance gap over such a short period of time has been extremely uncommon in the last ten years. In fact, it has been non-existent.
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