Rising oil prices can't kill the retail rally, Stuart Frankel's Steve Grasso says; shorting...

|By:, SA News Editor
Rising oil prices can't kill the retail rally, Stuart Frankel's Steve Grasso says; shorting retailers because of crude gains "has proved to be the worst bet you could have made." Retail's up around 52-week highs (XRT +1.1%, RTH +0.4%) after most of this morning's same-store reports beat expectations, and Grasso expects more of the same through April and May.