KXI iShares Global Consumer Staples ETF Loading...

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09:47
Apr 20
Sebastian Bloomberg Markets
Long European consumer staples and banks.
We are long consumer staples and long banks in Europe as defensive hiding places. No one is interested in defensives because nothing can possibly go wrong, but the market is priced for zero cyclicality, and we expect a hit to growth momentum.
KXI 1ST
MED
11:18
Mar 13
Sebastian Raedler Head of European Equity Strategy, Bank of America Global Research Bloomberg Markets
"The defensive sectors, for instance, staples, everyone has given up on them... they will not be affected by this and on a relative basis they'll start to look very attractive." In a deteriorating global growth environment with rising risk premiums, investors will be forced to rotate out of cyclical stocks and into safe, defensive sectors. Consumer staples have lagged other defensives (like utilities and telecoms) and offer significant catch-up potential as economic reality sets in. LONG XLP / KXI for defensive posturing in a hostile macroeconomic environment. A sudden global growth acceleration causes cyclical sectors to rally, leaving defensive staples behind.
KXI 1ST

About KXI Analyst Coverage

Buzzberg tracks KXI (iShares Global Consumer Staples ETF) across 1 sources. 2 bullish vs 0 bearish calls from 2 analysts. Sentiment: predominantly bullish (100%). 2 total trade ideas tracked.