Telemus Blog

If the Economy Is So Strong, Why Are Consumer Stocks Tanking?

Written by Wall Street Journal | Oct 16, 2023 3:00:50 PM

 


Consumer stocks in the S&P 500 hit new lows in October, reflecting caution in consumer spending despite a seemingly strong economy. Factors like rising crime affecting profits, increased Treasury yields reducing stock appeal, and higher costs are impacting retailers and consumer goods companies. Matt Dmytryszyn, Chief Investment Officer, emphasizes focusing on companies resilient to consumer trends and offering attractive valuations, preparing for potential shifts in consumer behavior.