Rebounding Retail? A Leveraged ETF Play on Consumer Enthusiasm
May 12, 2021
Traders looking for opportunities in the economic re-opening can considering a rebounding retail sector with funds like the
While the online sector did prosper during the pandemic, the retail industry could get an added jolt. With consumers ready to start opening their wallets again, this could be a major tailwind.
“Online retailers have done very well during the past year with the industry growing 44% in 2020, and could rake in even more money as spending becomes more widespread,” a Direxion Investments “The X-Change” article noted. “Much of the United States retail and discretionary spending sectors not only appear to be gearing up for a return to some semblance of normalcy, but are also expecting a surge in spending from pent-up demand.”