The 10-year yield fell to its lowest level since 2017 this week. Rates in decline are already benefiting one stock, said Todd Gordon, founder of TradingAnalysis.com.
div > div.group > p:first-child"> Rates in decline are already benefiting one stock, said Todd Gordon, founder of TradingAnalysis.com.
While Costco yields roughly a third of the rest of the consumer staples sector, it has far outperformed its peers. The big-box retailer has climbed nearly 20 percent so far this year, its best quarter since 2003 and almost double the gain of the XLP consumer staples ETF. "We have a good first phase [in early 2018] which is called accumulation, in the Elliott Wave Theory that would be wave one. We have now widespread participation which is the middle trend phase," he said."We have a third ongoing trend phase. This is called distribution. This is in the latter stages of a rally."
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