In October, the exchange traded fund tracking the consumer goods sector, CHIQ, fell -0.58% over the trailing twelve months. The materials sector equivalent, CHIM, fell -10.79% over the same period. This is the second month in a row that CHIQ has outperformed CHIM, and is close to being positive over the trailing twelve months. This trend should continue if the cost of raw materials continue to fall at an accelerating rate while consumer prices are essentially flat.
