Halloween Candy Spending Could Boost Staples ETFs

XLP provides “exposure to companies from the food and staples retailing, beverage, food product, tobacco, household product and personal product industries in the U.S.,” according to State Street.

“This year Halloween candy spending is likely to be propped up by elevated consumer confidence, strong employment markets, and real disposable income growth – although several headwinds have surfaced recently, including volatility in the stock market and creeping pump prices,” said Markit.

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