ISHP - Hard Landing For Retail

May, 21 2022 11:05 AM First Trust S-Network E-Commerce ETF

Until this week, that maxim seemed to be working in the current market as well, with both Target and Walmart as well as basic consumer goods companies in general holding their values better than the broader market indexes.
To be sure, the news was not all bad. Sales for both Walmart and Target grew slightly faster than expected, in low-mid single digits, broadly reflective of US consumer spending overall (recall that the consumer spending component of Q1 GDP grew 2.7 percent).
Observers fear that this could be the beginning of a more sustained trend of margin erosion that will eventually show up in reduced consumer spending – conceivably enough so to push the economy into negative growth.

For further details see:

Company Name:	First Trust S-Network E-Commerce ETF
Stock Symbol:	ISHP
Market:	NASDAQ