(Premium) December Consumer Discretionary Outlook

Consumer Discretionary was weak in November, but so far, it’s been able to hold above the May lows on both an absolute and relative basis. For tactical investors, this looks like a good setup with clearly defined risk.

Auto Parts retailers have continued to climb since we highlighted their strength last month. O’Reilly is tracking towards its 1070 target, and for Autozone we’re looking at a price above 3000.

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