What Bear Market?

Do you think we are in a bear market in equities?  If you watch the financial news or CNBC you probably think that we are.  But if you were invested in the Consumer Staples you would know that we aren't.  Here is a look at XLP, the S&P Consumers Staples SPDR.  This ETF tracks the Consumer Staples Sector...and last week it made new all-time highs.  And if you go back to the market meltdown back in 2008 & 2009 you can see that this sector has been in a continuous unbroken uptrend.

Here is a look at a one year chart and then a longer term chart going back to 2008.  It is in a well-defined uptrend and has appreciated at about +15% a year since then.

 

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