Consumer Staples sector is having its best month relative to S&P 500 since August 2001

Consumer Staples sector is having its best month relative to S&P 500 since August 2001
[Past performance is no guarantee of future results] pic.twitter.com/tluh6CcuS8

— Liz Ann Sonders (@LizAnnSonders) April 25, 2022

What is the Consumer Staples sector?   

Consumer staples are considered to be non-cyclical, meaning that they are always in demand, year-round, no matter how well the economy is—or is not—performing. As such, consumer staples are impervious to business cycles. Also, people tend to demand consumer staples at a relatively constant level, regardless of their price.

The demand for consumer staples goods remains fairly constant regardless of the state of the economy or the cost of the product.