So far, fear has driven investors to sell consumer-exposed stocks. A basket of such companies — including Oreo cookies maker Mondelez International Inc. and Modelo beer producer Constellation Brand Inc. — is down nearly 9% since early August with losses roughly double those of the S&P 500 Index, while makers of things like insulin pumps have wiped out close to a third of their value over the same stretch amid concerns that fewer people will need their products.

    • Jo Miran@lemmy.ml
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      1 year ago

      Meaning, that this has been on the news for months. Also, it’s not a dig on you, it’s a dig on Bloomberg. Instructional investors already have puts in place. Late articles like this just fuck the individual investors.

      EDIT: *institutional