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Popular consensus right now is that Down Oil = Up Consumer Stocks. But that isn’t working.

That Old Wall Guy Telling You ‘Oil’s Down! Buy Consumer Discretionary!’ Ignore Him  | $XLY - guy

Consumer Discretionary (XLY) was both down on a "market up" week (last week) and down again on a "market up" day yesterday. By our math, 2/3rds  of the United States is still in a spending recession.

In other words, no wage growth and highest cost of living, all-time.