The Morningstar Global Consumer Cyclical Index has slipped 10% year to date (Exhibit 1), roughly in line with the broader global equity market, as strength in consumer spending and confidence was modestly offset by increasing volatility due to the global political climate.
Exhibit 1: Cyclical stocks have modestly outperformed the broad market
Erin Lash, CFA does not own shares in any of the securities mentioned above.
Dan Wasiolek does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.