“The most important and fundamental job of our elected leaders is sort of the Hippocratic oath of, ‘First, do no harm,'” Shay said. “Job No. 1 is simply to stay out of our own way and avoid the sorts of self-inflicted mistakes that can have a negative impact on consumer confidence.”
Related: Less-Than-Expected Growth Could Affect Retail ETFs in 2019
A Leveraged Retail Play
The Direxion Daily Retail Bull 3X ETF (NYSEArca: RETL) fell 3.69 percent on Wednesday, but is up 20.6 percent year-to-date. RETL is trading below its 200-day moving average, which could present a value play for traders should a trade deal between the two largest economies gets done.
RETL seeks daily investment results equal to 300% of the daily performance of the S&P Retail Select Industry Index. The index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the Global Industry Classification Standard (GICS) retail sub-industry.
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