Walmart and Altria Group both stabilized and moved up a bit; Procter & Gamble fell nearly 2%, underperforming the other two 😔
VIX didn't rise significantly, so funds don't need to buy a lot of defensive stocks, but these three still showed a slight defensive premium.
Is Procter & Gamble's relative weakness today a one-off event, or is there some stratification happening within consumer goods? How do you view P&G's current valuation logic?
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