Retail Stocks Are About to Break Out. Here’s What Needs to Happen.

Retail Stocks Are About to Break Out. Here’s What Needs to Happen. · Barrons.com

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Retail stocks have jumped and they are close to breaking above key levels. The —which owns a fairly equal amount of stock in retailers such apparel stores, dollar stores, and auto part dealers—has gained just over 6% to about $79 in November. Around that time, the Federal Reserve began lifting interest rates to cool the economy, and some retailers were hit hard.