Consumer staples tend to outperform other industries the most at the peak of a business cycle.

Question

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Consumer staples are known for being defensive stocks, meaning they tend to perform well during economic downturns or when the overall market is struggling. On the other hand, industries such as technology or consumer discretionary may do well at the peak of a business cycle when consumers have more disposable income and are willing to spend on non-essential items.

Consumer Staples Tend to Outperform Other Industries the Most at the Peak