New Crash Indicator Buy: Slowing Consumer Spending Has This Retailer Poised To Retreat
Consumer spending has been a bright spot in a slowing growth trend of the U.S. economy recently. In fact, it has been a large part of GDP growth for the past few quarters. However, retailers are now vulnerable due to trade war concerns and stagnant wages for consumers. Today, Jim and Scott identify one popular retailer that faces headwinds going into December with diminished consumer confidence. Its stock price is poised for a fall as a result.