Consumer Staples Select Sector SPDR
Consumer Staples Select Sector SPDR (XLP) is going to see a lot of action in the years to come. The economy is sluggish. More people have left the workforce than at any other time in modern American history.
Despite all this, people still need to buy certain necessities, or “staples”. For those who used to be in slightly higher income brackets, and are now finding themselves struggling, they’ll be moving out of discretionary purchases and allocating more money into staples. That’s why this ETF is poised to outperform until things turn around significantly.