Inside the Report
This decline comes after impressive August data, which was reported at 93.4 – the highest point since before the Great Recession.
The decline was primarily due to fears regarding the job market, future earnings potential as well as weak economic growth.
This data comes after the consumer sentiment survey, which was published last week. The survey showed the most optimistic outlook since May 2013.
Mutual Funds to Watch
Below are mutual funds that focus primarily on consumer investments.
|Fidelity® Select Retailing Portfolio
|Rydex Series Trust Leisure Fund Class A
|Fidelity Advisor® Consumer Discretionary Fund Class A
|Fidelity® Select Construction & Housing Portfolio
The Bottom Line
These reports are a good indicator for consumer goods focused companies.