Walmart suffered a brutal 9% drop as a result of this ominous warning.
Compounding the panic, the US 30 year Treasury yield jumped upward to cross its historic 19 year high.
Rather than trying to guess which consumer staples stocks can survive the storm, you can invest in $Consumer Staples Select Sector SPDR Fund(XLP)$ which represent the Giants of the Consumer Staples sector.
The top holdings include $Procter & Gamble(PG)$ $Costco(COST)$ $Coca-Cola(KO)$ & Walmart.
XLP converts everyday biological necessity into an ironclad defensive shield for your capital. With a low expense ratio of 0.09%, XLP minimises your risk on individual stocks and maximise your gains through diversification.
Now that is my favourite way of investing.π₯°
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