Consumer Discretionary Sector December Outlook—Bullish Reversal Showing Upside Follow-through, We Remain Bullish on Discretionary
The consumer has shown resilience. If rates roll over, that would be an added tailwind.
The consumer has shown resilience. If rates roll over, that would be an added tailwind.
Slowly progressing through a bullish reversal that started in August
XLY has potential to benefit from the change in Fed policy outlook. It has shown some technical improvement over the previous 3-months as well. However, the stock level picture is showing a tough environment for the average stock at present