UBS Says Watch Beaten-Down Consumer Stocks, But Is "Reluctant To Call Outright Bottom"

UBS Says Watch Beaten-Down Consumer Stocks, But Is "Reluctant To Call Outright Bottom" The Conference Board's Consumer Confidence Index has fallen to its lowest level since April 2014, but UBS equity trader Mark Paski is watching closely for signs of a bottom in beaten-down consumer stocks. Paski explained: Some of the US consumer sector's biggest laggards are beginning to outperform despite little improvement in the underlying data, a potential sign that prices may be bottoming before fundamentals. The sector remains deeply unloved, with investors heavily underweight, tax-loss selling still dominating conversations...