I'm sure we've all heard the news that retail sales dropped 1.1% in July, a much larger drop 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 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 from Monday's video. But I do know of some retail stocks that'll make great short-side trades right now...
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