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In a global macroeconomic environment fraught with high inflation, consumers are stressing needs over wants, but that's not to say they're abstaining from the latter completely. That's evident in the Direxion Daily Consumer Discretionary Bull 3X ETF (WANT) having risen 70% within the past year.
The holiday shopping season ended better than expected according to numbers from the CNBC/NRF Retail Monitor for the month of December. Meanwhile, the Direxion Daily Retail Bull 3X ETF (RETL) propped up about 8% within the past month.
Inflation isn't stopping consumers from spending this holiday season. And that means retail numbers could be much better than anticipated.
The anticipation of lower interest rates in 2024 could be feeding into consumers being willing to spend this holiday season. That's according to data the National Retail Federation (NRF) revealed during the month of November.
,As spring turns into summer, the retail sector could be heating up along with the weather. Numbers in May are already showing signs that June gloom may not cast a shadow on the sector.
The machinations of a recession could already be manifesting themselves in layoffs during the month of May. The job markets for retail and tech were especially vulnerable last month.
FAQ
- What is RETL ETF?
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- What is the current assets under management for RETL?
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