This Is One of the Best Passive Income Buying Opportunities in Over 20 Years
2022 has been a wild investing year for a myriad of reasons. But one of the craziest events of the year just happened, yet no one is talking about it.
The consumer staples sector is one of 11 sectors in the S&P 500. And along with utilities and healthcare, it has a reputation for being one of the more "recession-proof" sectors. That's because consumer demand for staples isn't as vulnerable to economic cycles. What's more, consumer staples stocks like Procter & Gamble and Coca-Cola tend to pay high dividends, which provides a steady passive income stream.
Until recently, consumer staples had been one of the few sectors that were up on the year compared to the Nasdaq Composite (which is in a bear market), the S&P 500 (which briefly entered a bear market on Thursday), and the Dow Jones Industrial Average (which is in a correction). Yet in a matter of days, the consumer staples sector now finds itself in a correction too as it is down over 10% from its all-time high.
Source Fool.com
