Be the first to like this
S&P Retail ETF and Real Retail Sales are highly correlated. I expect the S&P Retail ETF (XRT) to hit a cycle low soon and trend upwards into the beginning of the Holiday Season. The XRT should then fall after Black Friday and the budget negotiations start to come to into focus. This presentation lays out the seasonality and cyclicality of Retail Sales, Consumer Confidence and the S&P Retail ETF.