Valuation alone is never a catalyst in our investment process; however below we updated charts on forward P/Es of the consumer staples sector and its main sub sectors. Needless to say, while valuations have come in over recent weeks, they remain stretched. That said, our quantitative real-time set-up for consumer staples (etf: XLP) is bullish, trading above its intermediate term TREND line. We’ll let the charts do the talking:
Matthew Hedrick
Senior Analyst
