- XRT tracks a retail index and has been under intense pressure as 2022 has progressed.
- While buying weakness in a sector or theme can often be a smart play, I would be cautious even at these levels.
- Rising inflation, especially in the energy/commodities sector, is going to remain a challenge until the Ukraine situation is resolved or deescalated.
- Americans are now saving less, and are less optimistic about their current financial footing. This does not bode well for discretionary spend.
For further details see:
XRT: American Consumers Are Feeling The Pinch