Consumer staples are still priced like growth stocks without the growth. The sector P/E is sitting at 24.27, forward P/E at 21.84 and a PEG at 3.35, the highest of all sectors and it’s not very close(healthcare next at 2.78). Recession or not as soon as the economy gets any kind of tailwind behind it stocks like KO, CPB, MDLZ or etfs like VDC may experience downward price action, thoughts ?
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