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ISHP - Can't Blame COVID For Latest Retail Sales Crash
First Trust S-Network E-Commerce ETF
According to the latest estimates from deStatis, retail sales crashed by 5.4% in April 2022 when compared to March; nearly identical m/m results from the prior April.
Only this time, no case count conundrum or overstimulated government in sight. No one can blame the pandemic for this one.
Recessions aren’t just oversized downturns or slowdowns, they are a step beyond those, made so by an unusually bad set of circumstances producing unusually awful results.