Consumer Discretionary has outperformed other growth sectors like Communications and Tech. Unlike those, it’s still above the relative lows it set earlier this year. But just like those two other underperformers, this is a downtrend that we don’t want to be bullish on. Because we still have the potential for a higher low here, we’re not recommending we be aggressively underweight the sector, though, and we’d feel comfortably adding some exposure above the June swing highs that are currently overhead resistance.
Sharpen Your Investment Research