US Consumer stocks have reached a Supercycle V top in 2014. Cycle wave A down is to come. The Consumer Goods weighting in the S&P500 at 2013 year-end is 9.8%.
The patterns of the individual stocks within the IYK sector is a bit mixed. For some stocks 2014 is the Wave V Supercycle top whereas for other stocks wave V already topped in 2000 or 2007 and 2014 marks a Cycle B wave top.
Wave B Tops: TM ($188bn), KO ($180bn), MO ($79bn), GT ($6bn)