Demand For Consumer Discretionary Stocks May Offer Interesting Insights

This article was originally published on ValueWalk

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The Consumer Discretionary SPDR Fund (XLY) is down around 30% YTD, the most by any sector this year. The XLY tends to underperform the market in times of economic downturn, as consumers cut excess spending into discretionary goods. Generally, when consumer sentiment declines, consumption decreases, and savings increase as consumers postpone large purchases. The Option […]