Consumer Staples stocks are thriving:

The S&P 500 Consumer Staples sector is up +17% in 5 weeks, its best performance since the 2020 pandemic recovery.

Only 4 other 5-week runs have been stronger since 1990, including February 1991, November 1998, April 2000, and April 2020.

This comes as investors bought a record +$3.6 billion in consumer staples stocks and ETFs over the last 4 weeks.

This brings the 4-week average of net purchases to +$912 million, an all-time high.

By comparison, average over the previous 52-weeks was just +$7 million.

Investors are piling into defensive stocks at a record pace.

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