Holidays are 'bah, humbug' for retail stocks
Retail stocks have been hot this year. The sector is up around 40%. With the holiday shopping season getting ready to rev up, a period in which retailers ring up roughly 40% of their annual sales, you'd think a continuation of the retail rally seems all but assured. Not quite.
Retail stocks tend to fare worse than the broader U.S. stock market in the period from Thanksgiving to Christmas, according to data compiled by Bespoke Investment Group.
Just because retailers' cash registers are screaming ka-ching during the holiday-selling season, the shares of retailers tend to "run out of steam" and "peak" at or shortly after Thanksgiving, according to Bespoke
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