Consumers Cutting Back, Weighing on Retail ETFs

Despite an expanding economy and healthier employment numbers, consumers are spending less, with retail sales slowly losing steam, pressuring sector-related exchange traded funds. Year-to-date, the SPDR S&P Retail ETF (NYSEArca: XRT) has dipped 3.0% and Market Vectors Retail ETF (NYSEArca: RTH)...