Retail Worries Are Exaggerated
Traders raised concerns over the retail sector this week as weaker-than-expected sales figures came in and the impact of Hurricane Sandy was felt by many retailers.
The concerns seem a bit exaggerated to us. We're not making a fundamental statement, we're just saying that the concerns over weaker sales have not translated into any meaningful price weakness. The retail sector continues to hold a bullish price structure, which is in line with the broader consumer discretionary sector. We expect to see an upside resolution in the daily price action from the group and another push to the upside....348 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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