Chart – Stop spending money, jobs go away

May 22, 2014by Hoy Grimm0

I’ve been monitoring the deterioration of the retail complex in 2014. XRT rolled over 10 days before the broader market:

XRT vs. SPX

Last week Bloomberg reported retail sales in January fell and the December number was revised from an increase to a decline of .1%. Whether it’s the weather or something more ominous the relationship between consumer spending and and jobs is important. Declines in consumer spending lead to fewer jobs.

 

 

 

Hoy Grimm

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