MCD, YUM, QSR, DPZ, WEN, and so on...
Food prices have seen a steep incline and as a result, foot traffic and sales have gone down as people are trying to eat out less and save more. Fast food is no longer as affordable as it was years ago. It seems like a no brainer to me that this sector is in for a major correction by end of year especially since a lot of these stocks are near ATH.
What are some reasons why I'm wrong about this?
No positions, only monitoring right now.