(Premium) Consumer Discretionary Moving to the Front of the Pack
The return of risk-appetite.
If risk-appetite is back, why shouldn’t we like the risk-on sectors? Consumer Discretionary has lagged Tech and Communications so far in 2023, but it’s working hard to close the gap. May’s rally pushed the sector to new 8-month highs.
This is just another example of a failed move sparking a trend reversal. At year-end, things …