Retail sales in February slid more than expected.
The Commerce Department said they dropped 3% versus the 0.5% loss economists anticipated. The SPDR S&P Retail ETF (XRT) closed down 2% on Tuesday, reflecting the decline.
Winter appeared to be a contributor, but with an approaching economic reopening, stimulus and spring weather, retail may bounce back, TradingAnalysis.com founder Todd Gordon told CNBC’s “Trading Nation” on Tuesday.
