Traders: Keep Consumer Discretionary in Back Pocket
July 31, 2019 at 11:17 AM EDT
All eyes will be on the Federal Reserve as the capital markets are hoping for an equities boost with an interest rate cut, but traders may still want to keep consumer discretionary plays in their back pocket. A dovish central bank who is wary of the economy may warrant plays in exchange-traded funds (ETFs) like the Direxion Daily Consumer Discretionary Bull 3X ETF ( WANT n/a ).