This Chart Explains Why the Stock Market Will Keep Rallying Into 2026 |
Defensive stocks just keep lagging the rest of the market.
BY PHIL ROSEN, CO-FOUNDER AND EDITOR, OPENING BELL DAILY @PHILROSENN
Credit: Getty Images
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This is not what a cautious stock market looks like.
The equal-weight consumer staples benchmark has dropped to record lows relative to the equal-weight S&P 500, indicating investors are abandoning one of the most reliable safety trades in search of more risk and higher upside.
The consumer staples sector — which includes household brands like Procter & Gamble, Coca-Cola, and Costco........