Could Defensive Sectors Rise Back as Tech Stocks Falter?
@TigerOptions:
The year 2023 has been a roller-coaster for investors, with the performance of even so-called "defensive" or "low volatility" assets proving to be far from invulnerable. $Consumer Staples Select Sector SPDR Fund(XLP)$ and $Utilities Select Sector SPDR Fund(XLU)$, traditionally seen as stable and reliable performers, have faced significant headwinds, but as tech stocks waver, could these defensive sectors rise back to the forefront of investment strategies? [Sly] Annual Returns Challenges for Consumer Staples XLP Weekly Chart Consumer staples, which thrived in 2022 amidst soaring inflation, have faced a tough year. In the face of rising commodity costs, these companies initially leveraged their pricing power