SPDR S&P Retail ETF
While online retailers will likely get hit less by wage growth, ALL retailers will feel the pinch. Even purely online retailers will get hit as employees across the spectrum will enjoy wage growth. Big and small, all retailers will have to adjust to smaller margins in order to keep prices from rising, so it makes sense the overall sector will come under pressure. If you owned the SPDR S&P Retail ETF (XRT) in recent years, you are most likely looking at a gain on your position, which you may want to consider locking in and rotating to a new sector. XRT holds the biggest and smallest retailers, so it is vulnerable to wage growth. Consider reducing your position, or locking in all your gains and moving on to your next trade.
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