Wall St Week Ahead-RPT-Investors bet old-school retailers will rebound in 2021
(Repeats to additional subscribers) NEW YORK, Dec 18 (Reuters) - As holiday shopping season wraps up, U.S. equity investors are gauging whether long-languishing shares of brick-and-mortar retailers can sustain their recent rebound in anticipation of a full economic reopening in 2021. The SPDR S&P Retail ETF, which tracks a broad group of retailers such as department and specialty stores, is up nearly 40% this year. Its gain reflects a rally that has lifted shares of companies in sectors particularly sensitive to the economic cycle, such as industrials and energy, in the wake of recent breakth...
Source: reuters.com