Tuesday’s ETF To Watch: SPDR S&P Retail ETF (XRT)

Weak home prices, high unemployment, and low economic growth are just a few of the reasons that consumer confidence has been sinking as of late, leaving many to feel very gloomy over the near-term economic outlook. With no end in sight to many of these problems, many consumers have closed their pocketbooks on discretionary spending, opting to hold-off until the economic picture is more certain. Yet, oil prices have begun to fall in the last few weeks thanks to moves by the IEA and a stronger dollar, potentially helping to make many lower-end consumers feel just a little bit better about the current economic situation. However, we won’t know for sure until the release of the Conference Board’s consumer confidence report for June, which is released later today. This report is one of the more widely-followed ones in the consumer sector as it has the largest polling sample of any consumer confidence measure. [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Looking Overseas For Opportunities Tuesday’s ETF To Watch: S&P Retail SPDR (XRT) Friday’s ETF To Watch: S&P Retail SPDR (XRT) Friday’s ETF To Watch: S&P Retail SPDR (XRT) Tuesday’s ETF To Watch: SPDR S&P Retail ETF (XRT)