Consumer Discretionary stocks, Industrials issues, too Materials shares. This ship service takes a await at v highly weighted Consumer Staples stocks, plotting their cumulative coin flows (top chart) too five-day average flows (bottom chart) against the Consumer Staples ETF, XLP. The v companies whose flows I've aggregated are PG, MO, WMT, KO, too WAG.
A blueprint that nosotros saw amongst the 3 sectors mentioned inwards a higher house is besides apparent here: during recent marketplace weakness, XLP failed to intermission below its Jan cost lows. Note, however, that during the recent weakness, cumulative coin flows for the Consumer Staples shares conduct maintain been inwards a steady downtrend, testing comport lows. This is quite dissimilar from the menstruum patterns seen amid the Materials too Consumer Discretionary shares, which showed reduced selling delineate per unit of measurement area during recent marketplace declines.
Five-day flows stay weak despite a recent bounce inwards the sector. Clearly, despite the might to concur the Jan lows, we're non seeing sustained buying involvement amid the Staples.
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