DISCLOSURE & CAVEAT: Of course note everyone giving financial advise would agree with this.
Obviously the general drop in the market but more especially these two:
1) While the S & P 500 was down -8.78% in April, the technology heavy exchange traded fund QQQ was down -13.6%. QQQ's worse month since the 2008 recession.
2) Consumer Staples stocks (think things we have to have, like food, shampoo, gasoline) were up +2.31%. consumer discretionary stocks (things we might like but don't need like Netflix subscriptions, designer shoes, a new car) were down -11.96%. This is classic action in a recession; necessities (and beer!) are still purchased, while luxury items (and expensive scotch!) purchases are deferred. And the stocks behind these things act accordingly.
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