Today WMT got sold down, HARD, and XRT had its worst day in years.
Macys , Kohls , TGT , WMT , GPS , NKE , FL , and most retail stocks in general, got clocked.
The charts for most retailers look terrible.
This is yet an indication that the stock markets are selling at P/E multiples that are are not only discounting the here, but also the HEREAFTER.
If the consumer is supposed to lead the markets higher, the action in XRT is a warning of broad market weakness yet to come.
I hope this has been helpful. May all of your trades go well. Don.