Weakness In Retail

Jun. 07, 2022 7:28 PM ET, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 1 Comment
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Summary

  • The broader retail space has been weak relative to the S&P 500 so far this year.
  • On a YTD basis, the VanEck Vectors Retail ETF has underperformed the S&P 500 by 4.5 percentage points, trading down by 18.2% as of today.
  • The market seems to believe that consumers will move down the value chain amidst rising inflation.

Sad woman spent all her money during big shopping

gpointstudio/iStock via Getty Images

The broader retail space has been weak relative to the S&P 500 so far this year. Much of this weakness came after Target's (TGT) and Walmart's (WMT) earnings calls, in which management noted margin

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