It’s been a rough ride for retail stocks.
The XRT, which tracks the biggest names in retail, is coming off its worst month in more than a decade after falling roughly 13% in May.
But the sector showed some signs of life on Tuesday, gaining almost 3% and posting its best day in about five months. While some investors may see this as a sign that it’s safe to start shopping again in this space, Miller Tabak’s Matt Maley says not so fast.
