Investors Still on the Offense
Hey, Ross Givens here! Today’s chart tracks the ratio of XLP – the S&P Consumer Staples ETF – to the S&P 500 since the October 2022 bull market began. Consumer Staples, a defensive sector, typically gain traction when investors shy away from risk. But the steady decline in this ratio suggests investors are staying offensive, even during choppy periods like December. The big question now? Where exactly are they channeling this offensive mindset? I dive into the details in today’s Insight.