Equity Prices are Down, What’s Next (SPY, QQQ, IWM, AAPL)

The equity markets had another down week. However, the big surprise was the trashing of the Consumer Staple Stocks. We need to use consumer Staples every day, so matter what, such as food and personal hygiene products.

Since we need to buy these things no matter what, they are considered defensive stocks. They are supposed to fall less than every other sector or hopefully hold up when the economy turns down.

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