On the other hand, economists and investors waiting on wage growth to catch up to the boom. When the economy is at full employment, wages grow about 3% to 3.5% per year, but wages are only rising 2.5% so far.

Related: Amazon in Focus for Retail ETFs

“Retail sales have even produced declines on several occasions. As such and given the surmounting headwinds for retailing in the United States, I believe that a near-term dead cat bounce in the XRT is a selling opportunity and not a buying opportunity. Shares may become over extended beyond $42 for which may be presented an opportunistic short trade,” according to Seeking Alpha.

For more news and strategy on the Retail ETF market, visit our Retail category.