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First Trust SMID Cap Rising Dividend Achievers ETF
However American consumers may feel, retail sales continue to climb. The Census Bureau’s latest data show solid gains outside of the virtual shopping malls, too.
Headline sales (seasonally adjusted) rose much more than expected in April 2022, increasing 0.9% from March’s upward revised estimate.
Consumers are paying a lot more and getting a little less than last year; furthermore, this has come at the expense of spending on services which you don’t see in retail sales.
The question now is, how long - if at all - before this begins to impact nominal spending on goods, too.