Could Defensive Sectors Rise Back as Tech Stocks Falter?
@TigerOptions:
The year 2023 has been a roller-coaster for investors, with the performance of even so-called "defensive" or "low volatility" assets proving to be far from invulnerable. $Consumer Staples Select Sector SPDR Fund(XLP)$ and $Utilities Select Sector SPDR Fund(XLU)$, traditionally seen as stable and reliable performers, have faced significant headwinds, but as tech stocks waver, could these defensive sectors rise back to the forefront of investment strategies?
Annual Returns Challenges for Consumer Staples XLP Weekly Chart Consumer staples, which thrived in 2022 amidst soaring inflation, have faced a tough year. In the face of rising commodity costs, these companies initially leveraged their pricing power
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