As bull fades, consumer stocks keep marching on

A Cincinnati Reds player wears Under Armour batting gloves during a game in July.
G. Fiume | Getty Images

It was an awful third quarter for the market. The S&P 500 was down 7 percent, posting its first two-quarter losing streak since 2011.

However, there was a powerful theme across many of the best-performing stocks in the September quarter: the U.S. consumer looks all right.