Continued Higher Retail Sales Numbers Point to Strengthening Consumer Economy

Continued Higher Retail Sales Numbers Point to Strengthening Consumer Economy - Blog - Blue Chip Partners - DanSederRound_(2)From the desk of Dan Seder, CFA, CMT, CFP®

Is that stimulus check still burning a hole in your pocket or is it long gone? Excluding autos, retail sales rose 1.9% in July, ahead of the 1.2% estimate. This marked the third straight monthly gain for retail. While many have questioned the health of the consumer post-COVID, the S&P Retail index tells a different story. Year-to-date, the S&P Retail index (XRT) is up 12.2% vs. a mere 3.68% for the S&P 500 (SPY). Here’s a breakdown of the top ten holdings in XRT:




Weight (%)

1 Inc.



Lithia Motors Inc. Class A



Carvana Co. Class A



Wayfair Inc. Class A



L Brands Inc.


6 Inc.



Etsy Inc.



Big Lots Inc.



AutoNation Inc.



Camping World Holdings Inc. Class A


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