Industrials have been crushed this week, but Oppenheimer's Ari Wald says this corner of the sector still looks safe.
The group is down but not out, Oppenheimer head of technical analysis Ari Wald told CNBC's ""What's most telling in our work is the resiliency of this group against such weak manufacturing data," Wald said. The equal-weighted XLI ETF relative to
The aerospace and defense industry group is up 6% in the past three months, while transportation has fallen 5%. "People have to be very careful," Tatro said during the same segment. "As we roll into October, there's really no incentive for the Chinese to make a deal, and this particular space is going to be hit the hardest as uncertainty prevails."
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