XLY Has A Major Concentration Risk: Two Stocks Own Nearly Half the Portfolio

When the economy heats up and consumers open their wallets, they don’t just buy more toothpaste. They upgrade cars, book vacations, and splurge on new wardrobes. That’s the discretionary spending cycle, and Consumer Discretionary Select Sector SPDR Fund (NYSEARCA:XLY) offers direct exposure to it. This ETF tracks the consumer discretionary sector of the S&P 500, ... XLY Has A Major Concentration Risk: Two Stocks…