There was reasonable steady growth in spending before the market contraction. Like all of the other sectors, there was quite a drop in spending during the actual recession. Sector spdr XLY fell to around $37 in 2009. However, coming out of the recession, this sector has seen much growth, and it is currently seen at $60.63. Around the time when America knew that our economy was not in a stable place, people got scared and really started taking note of what was happening with their money. Now, consumer spending is even higher than what it was before the recession.
The aerospace products and services industry would be this groups ideal industry choice. The uniqueness of the products and the specialization that goes into making them makes this industry hard to beat. What makes this industry so interesting is that one company holds a huge portion of the market share – Boeing, who is often used as an example in class. It is not a very competitive market simply because Boeing basically “owns” this industry, and it’s not an easy