Retail Sector Faces More Downside From Struggling Consumers

Authored by Simon White, Bloomberg macro strategist, Retail stocks are exposed to tighter credit and consumers facing rising non-discretionary costs. Their expected underperfomance also makes them a candidate as a portfolio hedge for an increasingly likely equity-market correction. (Nominal) retail sales were released this week, with January showing an improvement on December’s data. However, this should not […] Source