Starting at a top MM soon covering Consumer. Have 2 friends at other MMs who cover Consumer Staples. It sounds like there has been a lot of unwind in the sector recently, can anyone provide color here? Thanks in advance!
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There's been unwind in every sector in July.
also curious - bumping
Just track any momentum basket. Been pretty vicious in magnitude and speed of the unwind.
Probably mostly done magnitude wise, but need a few more weeks of chop to fully filter through (at least based on historical analogues)
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