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I'm sure we've all heard the news that retail sales dropped 1.1% in July, a much larger dip than the 0.3% decline Wall Street analysts expected.
It's likely that the delta variant might have changed people's spending habits.
Tuesday's report revealed that spending fell in stores that sell clothing, furniture and sporting goods. I mean, even online sales have started to stall, falling 3.1% from a month before. But at restaurants and bars, spending still rose about 2%.
Now, before you draw the conclusion that I'm bearish on all retail stocks, that's not the case! I'm still fairly bullish on the large-cap retailers I mentioned Monday.
But I do know of some retail stocks that'll make great short-side trades... | | |
Get Ready to Short | *clicking these links will automatically subscribe you to Roger Scott emails
| | Jeff Zananiri: 3 Major Events to Lookout for on Top of Volatility
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| The week started off with weakness in Asian and European markets, U.S. futures looking down and three major signs of late-summer stock market volatility appearing on my radar.
The market has been exhibiting toppish signs — when things appear to be reaching a top in prices — for a few weeks. I expect a volatile Wall Street later in the summer and a big upswing in bearish moves in the fall.
And like I said in Monday's video, the fall of Afghanistan to the Taliban will trigger a huge geopolitical risk-off market.
Investors will realize that U.S. foreign policy has a ton of failures and weaknesses, which could open the door for other black swan events such as China taking over Taiwan. | Watch for These Events | *clicking these links will automatically subscribe you to Joy of the Trade emails | | | |
| 3 Health Care Stocks for Every Trader's Radar
| August 13, 2021
| In this video, I thought I'd give away three of my top health care stocks that are starting to make some moves.
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| | | Why Stock Market Volatility Will Explode This Fall
| August 16, 2021
| I have an important message and topic to discuss today, and it's prudent that all investors pay close attention…
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