Trade Alert: 300% Upside As A Slowing Economy Endangers Retail Profits
Earnings for retail companies have skyrocketed in the past several quarters because consumers were flush with stimulus checks and had a smaller than usual menu of services to consume. But the Fed is tapering QE into an economic slowdown. Money velocity in the real economy may have been high in 2021, but that’s very likely to change. Jim and Dan focus on one of the world’s largest retail ETFs and the combination of higher labor costs and slowing growth should depress sentiment and lead to selling pressure in the months ahead.
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