Most of the market is off to a strong start in October. Just not the Consumer Staples sector.
Since the S&P 500 bottomed on October 3, it’s risen 3.5%. Over that time 10 of the index’s 11 sectors are up at least 2.4% from their respective lows. Consumer Staples meanwhile, has risen just 0.5%.
And if today’s trading holds, the sector will touch a new year-to-date low.