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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 754, 1 OR 2

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

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Categories
Economic Indicators
Stronger growth may mean risk-on for investors

As consumer spending accelerates, consumer staples could lag



In early 2018, there’s no sign that the momentum the U.S. economy built late last year is dissipating: The labor market continues to improve, tax cuts are in effect and global demand is healthy. These factors are helping to support U.S. consumer spending growth, which has been strengthening in recent months. Although many areas of the market stand to benefit from greater consumer spending, consumer staples stocks may lag the broader market. Historically, when consumer spending growth has accelerated, the consumer staples sector has lagged the S&P 500 due to the presence of lower-growth, less economically sensitive companies in the sector. Fundamental research may help investors identify select companies in the consumer staples sector with the opportunity to generate better-than-market returns.



Past results are not predictive of results in future periods.

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