This note is a guest contribution by Bespoke Investment Group.
The prior market-leading Consumer Discretionary sector has begun to break down technically.Ā It is now the first sector to break below its prior correction lows.Ā The other nine S&P 500 sectors still have a ways to go before reaching their correction lows.Ā The Consumer Discretionary sector has been one of the best performers throughout the bull market, and a breakdown now does not bode well for those hoping that the correction will remain just a correction.
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