A Potent ETF Combo for Two Barometers of Economic Health March 16, 2021
The retail and transportation sectors can be bellwethers of economic health. Right now, both sectors are performing well, which makes for a potent two-punch ETF combination in the
When the economy is thriving, retail consumers are more apt to open their wallets. Likewise, the transportation sector is literally on the move, carrying purchased goods from retailer to consumer.
Using the S&P 500 indexes in both respective sectors, it’s clear to see both have been trending higher the past year. Transportation is up almost 70%, while retail is up 54%.
“Both help us understand investor expectations of the economy reopening and therefore help us understand if we are in a risk on/off environment,” a See It Market article noted.
WINNIPEG With COVID-19 variant cases popping up in Manitoba, an intensive care specialist is warning it is likely a third wave of the pandemic could hit the province in the coming months, but it is not inevitable. On Monday, Dr. Brent Roussin, Manitoba s chief public health officer, reported 18 new cases of the B.1.1.7. variant the highest daily spike of variant cases yet. Along with the new cases came a slew of exposures on Winnipeg Transit linked to variant cases. Of Manitoba s 41 total variant of concern cases (30 B.1.1.7. cases and 11 B.1.351 cases), Roussin said eight are linked to travel, 24 are close contacts, and nine are unknown.
BRUSSELS (dpa-AFX) - After the release of U.S. retail sales and import and export prices for February at 8:30 am ET Tuesday, the greenback changed little against its major rivals. The greenback