
Key points
Consumer staples ETF XLP price and its relative strength vs the S&P 500 | XLP's ratio to the S&P 500 keeps making new lows, the weakest defensive relative performance on record
Image source: @RyanDetrick

Consumer staples ETF XLP price and its relative strength vs the S&P 500 | XLP's ratio to the S&P 500 keeps making new lows, the weakest defensive relative performance on record
Image source: @RyanDetrick