Wal-Mart (WMT) in particular announced higher earnings this morning – a sign that people are continuing to bargain hunt and stretch their dollars as far as they’ll go.
Much like the housing ETFs, retail-related ones were still digesting it all in early trading:
- SPDR S&P Retail (XRT), down 0.1% year-to-date
- Retail HOLDRs (RTH), up 3.5% year-to-date
- PowerShares Dynamic Retail (PMR), up 3.1% year-to-date
For full disclosure, some of Tom Lydon’s clients own shares of RTH.