The investor of today does not profit from yesterday's growth. --- Warren Buffett
Cyclical sectors such as consumer discretionary are benefiting from any trade agreement these days. With tariffs costing typical American families nearly $1000 per year as a result of the U.S. – China trade tensions, even a small deal helps put some of that money back in consumers' pockets.
Fundamentally, the sector's outlook is favorable due to several factors – unemployment in September at 3.5% is near historic lows, wages have improved modestly, consumer confidence remains relatively high, and interest rates have fallen