November 15, 2023, 10:26 am EST
Retailer Cheers
One industry cheers when inflation is cool. It is the retailer.
Retailer ETF (XRT) is up significantly again +3% in addition to yesterday’s gain after the CPI report. There is no doubt that the lower prices of goods give consumers a strong motivation to spend more.
Some retailer giants show their muscles: TGT +17%, VFC +14%, ETSY +6%, DG +5%, DLTR +4%.
The surge arrives the time for the holiday seasons one week before the Thanksgiving holiday.
Therefore, it could be interesting in searching for watchlist candidate from this retailer industry.
