If you’re looking for a trade idea that focuses on consumer staples and discretionary spending, then you’re in luck! In this [ETFs to Trade Consumer Stocks | SCC | UCC | SZK | UGE] video ๐ฅ, we’ll be discussing some recent updates and additions to our ETF Google sheet, along with a potential trade idea that may interest you.
As we all know, retail sales have been weaker than expected, and there have also been reports of weak earnings in the travel and restaurant industries. This has led some experts to believe that consumer discretionary spending may be declining, while consumer staple spending is on the rise. With this in mind, we have identified a potential trade opportunity that involves shorting consumer discretionary and longing consumer staples.
To make things easier for you, we’ve added a number of ETFs that you can use to execute this trade idea directly on our ETF Google sheet. These include the UCC (a leverage long on consumer discretionary), SCC (a leverage short on consumer discretionary), UGE (a leverage long on consumer staples), and SZK (a leverage short on consumer staples).
When you look at the consumer section of our ETF Google sheet, you’ll find that the main sector spider for consumer discretionary is XLY, while the main sector spider for consumer staples is XLP.
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00:00 – Consumer ETFs
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