“Households are now making those difficult choices on how to adjust spending,” said Ellen Zentner, a senior economist at Nomura Securities International, in the article.
Still, consumer discretionary and retail ETFs have climbed to all-time highs this month on hopes consumers are nearing the end of the deleveraging process after the financial crisis. [Retail ETFs Hit Record Highs as Consumers Turn Upbeat]
Retail sector ETFs rose Thursday after March same-store sales met expectations and the number of people filing for unemployment benefits dropped sharply, reports Trang Ho at Investor’s Business Daily.
SPDR S&P Retail ETF