Observers argue that with the faster job growth, retailers and discretionary companies should attract more spending ahead. Moreover, some believe consumers are just holding onto the extra cash from cheaper fuel prices as many Americans are skeptical about the how long low oil prices will last. [Conservative Consumers Keep Discretionary ETFs from Breaking Out]
“I don’t think it’s too troubling,” David Sloan, senior economist at 4Cast Inc., said in the article. “It will take a little bit of time for the consumer to respond to the extra income they’re getting.”
Market Vectors Retail ETF
For more information on the consumer space, visit our consumer discretionary category.
Max Chen contributed to this article.