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September 01, 2020 10:27am
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Frugal Consumers Could Keep Discretionary ETFs From Breaking Out

U.S. growth has been fueled by debt-driven consumption. However, consumers have trimmed down debt, potentially diminishing the outlook for consumer discretionary sector-related exchange traded funds. Year-to-date, the Consumer Discretionary Select Sector SPDR (NYSEArca: XLY) rose 10.1%, Vanguard...
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