This market has been quite grinding recently. P&G has seen a 12% drawdown in three months, and even a slight rise today has people talking about bottom fishing. But when the spring for consumer goods will come is really a mystery.
Even blue chips like Constellation Brands can't hold up now, with a lot of options trading. Retail investors are betting on a turnaround next year.
BYND suddenly surged a lot—those who acted fast got in, while the slow ones couldn't even get a sip of the soup. But analysts are still bearish, and believers better have strong nerves.
LULU rose slightly, but its rating was just downgraded. In this apparel market, you really need strong mental resilience.
Even McDonald's is down. Earnings reports are still pending, but now even defensive stocks aren't holding up. This market—just forget it.
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