While the S&P 500 Index has not officially entered bear market territory, plenty of areas of the market have. This week, Brian talks about how the consumer discretionary sector is one of them with a 35% drop from its November 2021 high. And as we heard from some of the biggest retailers during earnings season, the outlook is only getting tougher as energy prices soar and supply chain problems persist.
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Chart: Worst Earnings Season for Consumer Discretionary
Chart: Consumer Discretionary Valuation Compared to S&P 500
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Music:
Cold Funk - Funkorama by Kevin MacLeod is licensed under a Creative Commons Attribution license. Source. Tracking ID: 1-05285049
