Are Consumer Staples The New Sector Leader For Equities?

Defensive sectors, themes and stocks generally hold up better as markets get worried about rising rates and other threats to corporate profits. Traditional defensive sectors like consumer staples and utilities may not cut it, though. Both sectors are underperforming the broader market this year. Healthcare is also lagging.

It’s premature to assume that the rebound in energy and financials has run out of road, or that tech’s leadership has faded for the foreseeable future. But if we’re at a turning point, we may see the signs in the days ahead. Watch this space.

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Disclosures: None.

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