Relative Weakness in Retail is Off by Three Key Groups
The PerfChart below shows one-month performance for ten industry group ETFs. Even though I am concerned with relative weakness in the Retail SPDR (XRT), this concern is offset by relative strength in three other groups. It has been a good month for stocks with the Home Construction SPDR (ITB) and the Internet ETF (FDN) leading the market higher. Both are up over 7% in since 22-Nov. Semis are also strong with the Semiconductor SPDR (XSD) rising over 5%.
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Relative Weakness in Retail is Off by Three Key Groups
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