"Consumer Staples and Healthcare are two more defensive sectors investors should pivot to. Both have outperformed the S&P 500 so far in 2022," says Mel Casey. "Energy is probably priced for perfection. We don't have any forecast for oil prices or any other commodity, but buying energy stocks after a huge run in oil prices is unlikely to work," Tom Graff adds. Did the Target and Walmart earnings misses show that the consumer staples sector is not necessarily a safe place to hide out?
24 May 2022