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I do the “ETF of the Week” for MarketWatch every Thursday on Chuck Jaffe’s MoneyLife Show where I highlight big movers and disappointments within the exchange traded fund market.

This week, I focused on the Consumer Staples Select Sector SPDR (NYSEArca: XLP). For those skeptics who are still on the fence in this bullish spurt, a consumer staples allocation helps investors keep a defensive position in their equities portfolio. [Defend Your Portfolio with Consumer Staples ETFs]

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.