Daily Archives: Sep 19, 2018 at 07:15 am EDT

A Tale Of Two Consumer Sector Returns: Discretionary vs. Staples

Ahead of revisions to the US equity sector landscape in a few days, the existing definitions show that consumer discretionary, technology, and health care shares continue to lead this year, based on a set of exchange-traded funds. The upcoming reshuffling may reorder the horse race, but for now these three sectors are the dominant year-to-date performers through yesterday’s close (Sep. 18). Meanwhile, shares that comprise the so-called consumer staples sector are in the red year to date, posting the second-worst performance for the major sectors.
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Macro Briefing: 19 September 2018

Kavanaugh accuser asks for FBI investigation before she’ll testify: Reuters
Chinese premier: gov’t facing ‘greater difficulties’ in keeping economy stable: CNBC
China’s options dwindling for responding to Trump’s trade war: NY Times
Is China’s plunge-protection Team set to prop up falling stock market? Bloomberg
China’s holdings of US Treasuries fell to 6-month low in July: Bloomberg
North and South Korea agree to fostering “era of no war”: CNN
British inflation jumped unexpectedly to a six-month high in August Reuters
Soybean prices slumped to a decade-low on Tuesday: Business Insider
US homebuilder sentiment holds steady in Sep, signaling high confidence: MND
Policy sensitive 2-year Treasury yield edges up to 2.81%, a post-recession high: