- The tobacco sell-off could’ve been avoided.
- 2 of the 11 industries analyzed show strong momentum.
- Stock trends are moving in the wrong direction.
Improving household finances helped lift the Bloomberg US Consumer Comfort Index to a 17-year high last week. With tobacco companies clearly being left on the sideline, we want to look at how the other US consumer-facing industries are doing. This information comes from Trendrating’s trend capture model.