“In recent months, consumer sentiment has rebounded nicely. However, income isn’t growing much, so even with slight gains in employment, continued expansion may be stunted or halted altogether if there is not more job growth,” according to the investment research firm.
ETFs tied to the retail sector are getting a boost from optimism that leaders in Washington will be able to hammer out a deal on the U.S. fiscal cliff. Hopes for a solid holiday shopping season are also likely driving consumer discretionary funds. [Holiday Sales Help Lift Retail ETFs]
Consumer Discretionary Select Sector SPDR Fund
