$Procter & Gamble(PG.US), $Nike(NKE.US) dipped slightly, while $Altria(MO.US) fell by over two points. P&G relies on price hikes and the resilience of consumer staples; Nike is waiting for destocking in Greater China to bottom out; Altria is weighed down by nicotine regulations and declining sales. With VIX low and capital flowing into growth stocks, these stable cash-flow consumer stocks are relatively underperforming; holding them is just for stability 😪
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