* This week I warned that it was ‘too much too fast’…
I further reduced my staples exposure recently — today we are seeing a lot more pressure on consumer non-durables (($PG) -$1, ($PEP) -$3, ($KMB) -$1 and ($KO) -$1.25 (I warned about a sell off after the guide up).
From last week:
Staples Slammed
Staples (consumer non-durables) are getting hit over the last few hours.
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