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.
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“There still is a problem in the sector in terms of relative performance. The SPDR Retail ETF still lags the broader market for the year despite recent improvement. Conservative investors might wait for a move above intermediate-term resistance at the March high to dispel any remaining doubts,” according to Barron’s.
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SPDR S&P Retail ETF
