The weekly retail sales numbers from several reporting agencies came in below expectations for the last week. A similar tone has been expressed, "shoppers are waiting until the last minute to buy gifts and are looking for discounts". This is no surprise to me and I expected the numbers the next 2 weeks to be much better than expected.
The SPDR S&P Retail ETF ($XRT) is up 10% in 2011 versus a loss for the S&P 500.
Some of my favorite retailers are the Discount Stores: Wal-Mart ($WMT), TJX Companies ($TJX), Ross Stores ($ROST).
Market expert and TV personality Matt McCall blogs about what is really moving the markets. He will emphasize Exchange-Traded Funds (ETFs) and individual stocks throughout the trading day.
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