We doubt consumer staples will continue to underperform “tech”

We doubt the consumer staples sector, which has been hit particularly hard in the recent sell-off in the S&P 500, will continue to underperform “tech”-heavy sectors. ECB Drop-In (24th May 10:00 ET/15:00 BST): Could the ECB deliver a hawkish surprise? Join economists from our Europe and Markets teams for a discussion about what to expect from the Bank’s tightening cycle, including the chances for a bumper hike in July or even an early move at next month’s meeting. Register now.

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