Trade Around Declining Consumer Confidence (LULU vs NKE)
@nerdbull1669：
While investors would look at the consumer discretionary sector when the Fed cut interest rates as rate cut normally would have a positive effect on consumer spending habits through easier and cheaper financing rates. But this time economic data shows that the state of consumer is not the same as before. We are seeing some of the stocks in the consumer discretionary space being rotated into other sectors. In the article I would like to share what I have looked at the consumer discretionary sector stocks. But do note that we will be expecting some important event that could affect the sentiment. One of the event to watch is Fed Chair Powell Speech on 30 Sep 2024 at 1:55pm ET. Key Factors Behind the Recent Decline in Consumer Confidence Readings Even when economists and hedge funds manager c
