Why are these defensive consumer blue chips getting weaker one after another recently? Starbucks and Pepsi are both falling, even Domino's couldn't escape, and Diageo's valuation has become somewhat attractive after the drop. But honestly, who dares to go all-in now?
It's like you don't want to be completely bearish on this, but holding it makes you uneasy—a classic case of emotional exhaustion.
Right now, the market is all about AI and growth stocks. These 'old friends' will probably have to endure a slow grind.
I hope they don't hit new lows again, or else we'll have to rely on Coke and coffee to comfort ourselves for a lively year-end. 😂
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