Consumer Staples

CONSUMER STAPLES: High P/E With Low Earnings Growth

We recommend an underweight position in the S&P 500 Consumer Staples sector. At first glance, the sector looks fine. Its stock price index is near a record high (chart). Consumer Staples could turn out to be a haven if AI exuberance is fueling a tech bubble that bursts. On the other hand, Consumer Staples is up 6.5% ytd, ranking 7th among the 11 S&P 500