Q: I see on a recent answer you like consumer discretionary, any thoughts on consumer staples and having a position in XLP?

Q: Hi, would this market environment, IE any pending recession or downturn, is the consumer staple sector a good place to allocate some funds, if so can you name any ETF's.
Many thank's James

Q: Hi,
I was bit surprised by your answer to Kevin's question today about your sector preferences. You had chosen the following: XIT/XRE/XFN/XLY/XLV.

I thought given the current possible recession scenario lurking in the background and also from your own answers to others, you would have chosen XLP, soft or hard landing people need Staples to survive, XEG because of all the uncertainties, XBM/GLD as one expects demand to go up when China opens up. Plus as a hedge against the USD going down.

There must be a reason for your choice. I am curious to find what your rationale was/is.