Select Sector SPDR Fund - Consumer Discretionary (XLY)

Add a New Bears Reason Company: Select Sector SPDR Fund - Consumer Discretionary (XLY) Current price: Headline: (100 character max) Analysis: Cancel 100% agree 1 votes   Inflation's a Huge Drag as Energy Costs Transform Consumer Behavior Top Contributor: ChangeWave Research | Created when AMEX:XLY was $30.28 | Edit | History Back in July, a ChangeWave survey of 4,525 consumers pointed to yet another clear downturn in U.S. consumer spending - despite the injection of $150 billion in tax rebates to stimulate the economy. In that July survey, we focused on the key reasons why consumers are spending less. As the following chart shows, the chief culprits are Inflation (56%; up 4-pts) and Higher Energy Costs (56%; up 7-pts). These twin factors have skyrocketed since January in terms of their overall negative impact on consumer spending. Meanwhile, other consumer behaviors like Reducing Debt (24%), Saving More Money (18%) and Investing More Money (8%) have declined. (100 character max) Cancel

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