The Sorry State of the Consumer

January 7, 2013

Market action in the consumer sector as demonstrated by the XLY and XRT has been in a choppy, range-bound pattern since April. Note that like much else in this paper, central-planned, manipulated market, that real trading has evaporated and volume has shrunk considerably. Both the retail and consumer discretionary sectors should be shorted. These sectors have been propped up by a combination of  factors, but largely government policy.

The article is available at Seeking Alpha. 



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