Consumer staples stand in stark contrast to technology. While technology is making up a historically high percentage of the S&P 500 Index, consumer staples including food and household product stocks currently stand near their lowest historical levels as a share of the broader market. Today, consumer staples only make up 6.65% of the S&P 500 Index versus more than 11% on average. The only other time in recent history staples were this small of a share of the market was back in early 2000 as the technology bubble was peaking. How did consumer staples stocks perform the last time around?
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