Support Democrats’ Right to Speak Freely and Make Damn Fools of Themselves
Comedy Always Evolves, and Colbert Almost Killed It
John Brennan Plays the 'Nazi Card' While FBI Turns Up the Heat
Remember the McCloskeys? The Government Finally Gave Back What it Stole From Them.
The VP Harris Post-Mortem on Stephen Colbert (Yes, Kamala, the System Worked)
Trump’s Tariff Triumph
The Biggest Losetit
It’s Time for Independence for Biafra Free From Nigerian Control
Democrats Are in Disastrous Shape As Midterms Loom
Has Pressure on Advertisers to Leave X Hurt the Right’s Only Major Free...
Understanding Transgender Surgery
Kash Patel Uncovers Burn Bags and Buried Truths, Deep State Scrambles to Hide...
Democrat Calls Lawbreakers 'Long-Term Residents' in Stunning Display of Border Amnesia
America First, Big Pharma Last: Trump Orders Drug Prices Slashed to Lowest Global...
California Homeowners Take Up Arms as Crime Surges Under Newsom, Bass
OPINION

Consumers To The Rescue

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
AP Photo/Mark Lennihan, File

The American consumer has come to the rescue – again.

Face it, we love to shop. If we can’t get there in person, we’ll just order on the Internet. The Consumer Discretionary sector is the biggest upside mover. It is being led by the usual suspects, with a mix of the old guard as well as the new. Tesla is also coming around despite all the negative press and some stock selling.

Advertisement

To see the chart, click here.

The XRT Retail ETF broke out on November 1, and it’s picking up a head of steam. Historically, breakouts have seen gigantic follow-on advances.

Also, as I mentioned this morning, it’s all about growth. After trailing other major equity indices, the NASDAQ has galloped ahead.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement