Retail ETF Sells Off, Despite Excellent Sector Earnings Reports (ETF: RTH)

| About: VanEck Vectors (RTH)
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Many retailers reported excellent earnings overall yesterday. The market's initial reaction was positive. But most knew earnings would be good, especially after the warm January and previously high retail sales numbers. So combined with the release of better than expected LEI (Leading Economic Indicators) data and higher energy prices, investors worried about higher interest rates in the future. The result was a market sell-off: