This:
And this:
And this: (XRT – S&P Retail etf)
On the flipside there’s this: (XLY – S&P Consumer Discretionary etf)
But 20% of the XLY is made up of these two stocks, who are eating U.S. retail:
And
Let’s look at some headlines with some skepticism, or at a minimum ¯\_(ツ)_/¯