Six Consumer Staples to Beat the Affordability Crisis
Gritty “old economy” stocks are leading the market while Wall Street fears that Big Tech’s yearslong data center spending spree could end in an epic earnings letdown .
Meanwhile, after years of feeling the weight of stubbornly high inflation, consumer staples are suddenly making a resurgence. This year, the State Street Consumer Staples Select Sector SPDR ETF (XLP) is up nearly 13% while the S&P 500 is barely positive.