Retail earnings are in full swing this upcoming week!
Here is a TA based version of my expectations for the week. In previous quarters the strong USD and the slow down in Consumer Spending hit profits hard.
With retail sales up throughout the quarter and consumer confidence at 2016 high, all around beats are expected.
Driving retail market capitalization back to Q2 2015 level offers a short-term 8% return. In the longer run, or collectively throughout the remainder of Q2, a 16% return is in the works.