S&P 500's Consumer Staples Sector Hurting
Amazon's announcement of it's acquisition of Whole Foods for $13.4 billion has done more harm than good.
Basically,
...what’s good for Amazon and its owners is not at the moment being treated as good for everyone else.In quantitative terms,
While $12.5 billion of market value has been added to Amazon and $3 billion to Whole Foods, a net $39 billion has been erased from the S&P 500 Consumer Staples Index.
Monkeys, Thoughts on this?
With Amazon starting to venture into consumer retail with this major buy, do you think Walmart's acquisition of Bonobos will help them keep their footing, or is Amazon just too big to overcome now?
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