cerealpatterns

consumers starting to spend less money again

Education
in times where this is above 2 consumer defensive is winning out, and in times where this is below 2 consumers are spending more money and buying consumer discretionary goos/services. recently this chart peaked, and now weve retraced and it is reversing again. probably going to set a lower weekly high, but qqe is long and sss is green so the defensive funds are probably the best bet in terms of consumer goods.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.