Thursday’s retail sales numbers came in higher than experts expected. The report showed that retail activity picked up by 0.4% for the month of September. At the same time, the weekly unemployment claims data showed fewer people made claims last week, which some will point to as an improvement in the jobs market.
When we combine the two, the market now gets the benefit of slipping into one of the more historically seasonality periods in the last 30 years.
The retail sector and certain retail stocks are getting ready to make some big moves. Let’s take a look at the reason for the move and how to position for some short-term holiday profits.
This post originally appeared at Money Morning.