The resiliency of the American shopper in the face of more expensive things may impact such exchange-traded funds that focus on consumer goods as the Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), the Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), and the Invesco DWA Consumer Cyclicals Momentum ETF (PEZ). PEZ tracks the Dorsey Wright Consumer Cyclicals Technical Leaders Index. As inflation reached its highest point in four decades, consumers spent more in June across a range of pricier goods and services like gasoline, groceries, furniture, and even restaurants.