TIF confirms my belief that High End retailers will outperform low end retailers
I am waiting on a couple other confirmations one of which is GES on Friday and if I am proven correct again then I would load up on SKS department stores at that time. SKS is a seller of High End Retail and if the individual high end retailers are showing very positive signals then SKS too will benefit.
Like I said before the average Joe does not benefit from the soaring stock market because he is not in stocks to begin with. Its the wealthier Americans that benefit from a soaring stock market and when the wealthy feel wealthier like they feel today. They will go out and spend some of that wealth.
Keep your eyes on GES for Friday Earnings.