So far, fear has driven investors to sell consumer-exposed stocks. A basket of such companies — including Oreo cookies maker Mondelez International Inc. and Modelo beer producer Constellation Brand Inc. — is down nearly 9% since early August with losses roughly double those of the S&P 500 Index, while makers of things like insulin pumps have wiped out close to a third of their value over the same stretch amid concerns that fewer people will need their products.
I discussed this with my wife at least two or three months ago. I’m glad to see Bloomberg continues to feed investors the stalest data possible.
Oh, I forgot when your wife and I talked about this. Say hi to her for me!
Meaning, that this has been on the news for months. Also, it’s not a dig on you, it’s a dig on Bloomberg. Instructional investors already have puts in place. Late articles like this just fuck the individual investors.
EDIT: *institutional