Deloitte predicts U.S. holiday retail sales could rise as much as 4.8% this year, aided by higher disposable incomes and continued value-seeking behavior. This environment supports U.S. retailers and could lift the SPDR S&P Retail ETF (RTH) in the near term, as pricing remains prudent and demand solidifies. Key risks include spend divergence from expectations and potential inflation re-acceleration.
U.S. retail sales grew 0.2% in September, missing expectations. Weak consumer spending signals potential slowdown in economic growth. Wholesale inflation rose, indicated by a 0.3% producer price index increase. Overall economic indicators suggest caution among consumers and businesses. IBUY may be affected by continued subdued retail performance.