Ever since talk of a recession became prominent, retail has suffered.
And those worrisome opinions have, not surprisingly, knocked down the retail stock sector over the past couple of years.
Even high-flying Lululemon (LULU) wasn’t immune.
From the end of 2021 to the start of 2023, LULU fell quite a bit.
But 2023 has been different.
First, after falling a bit more to start 2023, retail has come roaring back.
Here’s the Retail ETF:
It’s been red-hot since June. A break above $67.50 could lead to excellent gains.
And LULU’s been hot, too. It’s risen from $288 to over $380 in the past few months:
A break above $389.05 could lead to a nice run.
Possibly in yoga pants.
— Scott Welsh