Consumer Staples' Rare One-Day Reversal

Bespoke Investment Group 48.86K Followers Follow Summary Consumer Staples fell 1.46% on Monday, its worst day of the month. The last time Consumer Staples went from an overbought close to below its 50-DMA the following day was June 11, 2020. At the stock level, the percentage of Consumer Staples names above their 50-DMAs fell 29.4 percentage points, from 82.4% to 52.9%. Bet_Noire/iStock via Getty Images Consumer Staples fell 1.46% on Monday, its worst day of the month. Of the 10 sectors that closed lower, only Communication Services performed worse, and by just one basis point. Breadth was also the weakest of the month, with decliners outnumbering advancers This article was written by Bespoke Investment Group 48.86K Followers Follow Bespoke Investment Group provides some of the most original content and intuitive thinking on the Street. Founded by Paul Hickey and Justin Walters, formerly of Birinyi Associates and creators of the acclaimed TickerSense blog, Bespoke offers multiple products that allow anyone, from institutions to the most modest investor, to gain the data and knowledge necessary to make intelligent and profitable investment decisions. Along with running their Think B.I.G. finance blog, Bespoke provides timely investment ideas through its Bespoke Premium (https://bespokepremium.com/) subscription service and also manages money (https://bespokepremium.com/mm) for high net worth individuals. Visit: Bespoke Investment Group (https://bespokeinvest.com/)