S&P/TSX Consumer Staples Index moving opposite companies in 3 month daily chart
Consumer Staples is a small sector on the TSX (only ~3.3% of the composite), so a handful of large-cap movers like Couche-Tard (ATD) and Loblaw (L) dominate the index weight. If those two move in one direction and mid-caps like Saputo or Jamieson move in another, the index can appear to diverge from most of its members — a weighted average masking dispersion underneath.
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