Retail is showing weakness - here's how to trade it

[Chris Johnson Penny Hawk Header](   Tuesday, May 16, 2023 Hello – Good morning, we have a special one coming to you today… Home Depot (HD) reported earnings before the bell this morning, TJX Companies Inc, (TJX) and Target Corp (TGT) will be tomorrow morning, and Walmart Inc (WMT) Thursday morning. Pair that with slowing consumer spending as indicated by the retail sales data we’re seeing is going to bring a new level of weakness to the SPDR S&P Retil ETF (XRT) - don’t worry, I’ll show you how to position yoursself to reap the rewards the market’s setting up for you. But let’s start with seasonality. I can’t stop hearing “sell in may and go away” - but is it right? Is that what you should be doing right now? This is one of the oldest strategies out in the market and everyone starts to hit it right about at the end of April. Fact is, the S&P 500 ends the month of May higher than it started 70% of the time and the average return is 0.4% for the month. [Let’s get into the room and take a look at the monthly returns over the last 20 years]( because there’s some opportunities to go long in the market and there’s no reason an old wives tale should lead you in the wrong direction… [We’re live in five minutes - click here to join me]( Chris Johnson [My Live Schedule]( By texting INCOME to 21852, you are expressly consenting to be texted about investing news, trade alerts and marketing communications from Money Map Press, LLC about Money Morning's Red Alert text messaging service at the phone number you use, even if the phone number is on a corporate, state or national do not call list. You also consent and unconditionally agree to our [Privacy Policy]( and [Terms of Use]( including the arbitration provision and class action waiver contained therein. Your consent is not required to make a purchase. Msgs may be sent using automated technology. Message frequency varies. Msg&data rates may apply. Text HELP for HELP and Text STOP to STOP. You are receiving this e-mail at {EMAIL}, as part of your subscription to Penny Hawk. To remove your email from this list: [unsubscribe here]( To cancel, or for any other questions or requests, please contact our Customer Service team: Online: [Customer Service Form]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Penny Hawk | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday ­ Friday between 9:00 AM and 5:00 PM ET. © 2023 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore, MD 21201. [Website]( [Privacy Policy]( | [Terms & Conditions](