There's one group of US companies still scheduled to report Q2 earnings as the season winds down: major retailers.
Overall, the sector has been among the big winners as consumers accelerated their shift to online shopping in the wake of the coronavirus pandemic and subsequent government-mandated lockdown measures.
Not surprisingly, retail-related ETFs are trading near their best levels on record, with the SPDR® S&P Retail ETF (NYSE:XRT) up around 92% since its March low, compared to the S&P 500’s roughly 52% gain over the same period.
XRT/S&P 500 Chart (Image not shown due to low ratings)
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