Should you be avoiding the retail sector?
"The retail sales numbers were surprising to me in that the market was surprised by them," said Nancy Tengler, CIO at ButcherJoseph Asset Management. "They were weak. We would expect them to be weak in government shutdown environment or the market volatility environment that we saw in December and all of the fourth quarter."Related. 3 Big Earnings Reports I'll Be Watching This Week
Curious about what that means? "We're staying away from the...department stores," Tengler responded.
Related. Some Trades Are Just Too Easy