[Chris Johnson Penny Hawk Header]( Tuesday, May 16, 2023 Hello â Yesterday, the New York Fed dropped its household debt report. The findings were pretty eye-opening â even for me, someone whose been pounding the âcredit-reliantâ drum a lotthroughout the past couple of months. Usually, after the winter holidays, people begin to slowly deflate their credit card balances and pay off all the gifts they purchased. Well, this year, things are going differently. Credit has remained flat. In fact, there has been a drastic increase in debt delinquency. Suffice it to say, this doesnât paint the rosiest of pictures of the state of the American economy. Now, it should come as no surprise that when the consumer struggles, retailers struggle as well. And this morningâs retail sales report echoed this fear, as the increase was half of the projected 0.8%. If youâve been paying attention, Iâve been bearish on the SPDR S&P Retail ETF (XRT) for quite some time now. So this trouble shouldnât come as a surprise. But the amount of smoke thatâs billowing from this sector â both technically and fundamentally â has me on red alert, looking for the perfect place and time to strike. And with the number of big names set to announce earnings soon, there is some serious volatility lurking around the corner. [Thatâs why I took some time this morning to run through everything Iâm seeing in retail â and lay out my preliminary plan of attack to profitâ¦]( 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:
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