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Get Your Facts Straight!

One of the worst performing groups this year has been retail. That shows up plain as day in the -10.8% loss year-to-date for the S&P Retail ETF (XRT) through Wednesday's close.

However, the logic never added up. Employment is at the best level in nearly a decade. And as we all know, if the US consumer has a nickel in his pocket, then he will likely spend a dime ;-)

Target helped to set the record straight on Thursday as the large retailer preannounced strong earnings. This lifted the entire sector by +2.3% on the day. And nudged the S&P closer to a breakout to new highs.

The quality of this earnings season is likely the final check box needed before heading to 2500 and beyond. Make sure that you put your extra cash to work in the stock market before it takes off once again.

Best,

Steve Reitmeister

Executive Vice President, Zacks Investment Research

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