The consumer staples sector has entered the chat. Over the past five trading sessions, while tech sells off, the market’s been rotating away from growth and into defensive sectors, which were previously left out of the S&P 500’s recovery. In the past week, consumer staples (0.71%), real estate (1.16%), and healthcare (3.16%) have led the way.
Inflows into defensive sectors could raise questions about how firm this rally’s footing is. But it could also suggest that the rally has legs and now spans all sectors. Of course, if the former proves to be true, holding defensive names isn’t the worst place for your portfolio to be.
