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This leading indicator for retail shows the worst is yet to come

June 5, 2019


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.

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