State Street Consumer Discretio
Investment Thesis
XLY has been pummeled into deeply oversold territory (RSI 26, Stochastic 4.3) following a sharp gap-down session, with price hovering just ~3% above its 52-week low. The XLY/SPY ratio RSI at 18.49 marks an extreme in relative underperformance — historically, such readings produce at least a tactical mean-reversion bounce toward the 50-day MA.
Why It May Work
Why It May Not Work
Timeline
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