One emerging theme in the markets is the giant consumer tax cut via falling gas prices. With this tax cut and the U.S. holidays coming up, Dave Chappelle says it best:
Women be shoppin'!
They be buying bags
They be buying product
They be shopping on the TV
They be using coupons
They be buying their kids sporting goods
They be buying their babies toys
They be buying their favorite coffee
They be buying ugly shoes
They be buying for their pets
Men be shopping too!
They be fixing their cars
They be fixing their homes
They be buying hunting/fishing gear
Imagine if we could knock gas prices down a little further?
I want to watch these consumer names as a tell on the group. I look at the consumer/retail group as a directional toss-up. We'll see if people really be shopping as we get closer to the holidays and get through earnings!
Trade 'em well
I want to watch these consumer names as a tell on the group. I look at the consumer/retail group as a directional toss-up. We'll see if people really be shopping as we get closer to the holidays and get through earnings!
Trade 'em well
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