Pepsi sodas on display at a Walmart Supercenter in Austin, Texas. The "bubble is about to burst" in consumer staples stocks, says veteran market technician Jeff Bierman. The sector outperformed the S&P 500 last year but now it’s "overbought and overpriced". "The greatest opportunity to short on Wall Street, according to risk/reward, is consumer staples," Bierman said. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Investors sought refuge in consumer staples stocks last year as the broader equity market sank into bear territory, but that group is now in a bubble that’s on the verge of popping, says one veteran chart technician. "The greatest opportunity to short on Wall Street, according to risk/reward, is consumer staples. This is the beginning of the breakdown in consumer staples, for the long term," Jeff Bierman, chief market technician […]
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