The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK (ETF Expert) --Factual headlines are often misleading.
For example, a popular financial portal offered, "October consumer confidence weakest since March 2009." Most people might interpret this to mean that consumers aren't spending and/or won't be spending their money, resulting in less revenue for economically sensitive corporations.
However, actual consumer spending has been on the rise, 1.1% in September alone.Equally important, Retail ETFs have reflected the actual spending data as opposed to the "confidence" data. The capital appreciation far surpasses the sector competition as well as the broader S&P 500 benchmark.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV