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FTXG - What Comes After Mindblowing Free Money Blow-Off Spike In Retail Sales? A Spike Doesn't Spike Forever

First Trust Nasdaq Food & Beverage ETF
  • Total retail sales - not adjusted for inflation, now a big factor - inched up 0.7% in August from July, to $619 billion (seasonally adjusted), up a stunning 18% from two years ago and 15.1% from a year ago.
  • This wasn’t a proper “rebound,” as it has been widely called in the media, but an uptick in a four-month down-trend from the mindblowing superlative historic free money blow-off spike in April.
  • A spike doesn’t spike forever. But Americans are still making a heroic effort to spend the pile of free money they got.

For further details see:

What Comes After Mindblowing Free Money Blow-Off Spike In Retail Sales? A Spike Doesn't Spike Forever
Stock Information
Company Name: First Trust Nasdaq Food & Beverage ETF
Stock Symbol: FTXG
Market: NASDAQ
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