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Excerpt from our One Page Annotated Wall Street Journal Summary (receive it by email every morning by signing up here):

AHEAD OF THE TAPE: Happy Retailers

Summary: The Dow Jones index of retailing stocks climbed 4.8% this month, outperforming the Dow Jones Industrial Average's 1.3% gain. While this might in part reflect a consumer response to lower gasoline prices, it is more likely due to the cool autumnal temperatures. In September, retailers are fully stocked with fall merchandise, and consumers are much more likely to make such purchases when the temperatures drop. Comparisons are also favorable right now, because last year's combination of an extended warm season and Hurricane Katrina resulted in a poor September performance. Full WSJ article >
Related links: Retail Spending, Up Only Slightly in August, Should Rebound SoonRetail, Semis the Most Overbought ETFsRetail Stocks Have a Snapback TendencyWhy is Consumer ETF XLY at 52 Week High? • Related ETFs: Retail HOLDRS ETF (NYSEARCA:RTH) simulates ownership in companies that sell retail merchandise through stores, the Internet, and mail order catalogs. Consumer Discretionary SPDR ETF (NYSEARCA:XLY) invests in industries such as automobiles, hotels, restaurants and leisure, household durables, Internet and catalog retail, leisure products, media, apparel and luxury goods.

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Source: Cooler Temperatures Boost Retailers