Shocking: Take a Look at the Retail Stock Bloodbath

August 24, 2023

Take a look at the shocking retail stock bloodbath.

Retail Stock Bloodbath

August 24 (King World News) – Dean Christians writing for SentimenTrader: Should we buy the retail stock bloodbath?

Key points:

  • The Optimism Indexes for several retail stocks plunged to some of the lowest levels in history

  • Similar sentiment extremes suggest further downside over the next few months

Harnessing the power of the Backtest Engine to identify sentiment extremes

Each night, I sort the website’s S&P 1500 Optimism Index table to research potential trade ideas. On Tuesday evening, the lowest three values for our proprietary sentiment composite pointed toward retail stocks: Dicks, Macy’s, and Nordstrom’s…