Broader Markets Break Out Lead By the Retail Sector

BRANDON, Fla. - April 10, 2013 - PRLog -- April 10, 2013 — Retail stocks gauged by the Retail Vector ETF  surged higher in heavy volume as the broader S&P 500 index made an all-time high.  The broader markets have been led higher by the retail sector despite heavy layoffs of more than 24,000 in March according to last Friday’s non-farm payroll report.

A recent article published in Wealth Advisor Club (http://thewealthadvisorsclub.com/business/1095/sp-500-poised-to-test-an-all-time-high.php/) suggests that retail stocks are the driving force behind the move in the broader based equity bourses, but investors will need to absorb Wednesday FOMC meeting minutes.

According to the article, the FOMC minutes will reflect a hawkish stance that would have likely been different if the FOMC Board of Governors was privy to the jobs information prior to the meeting.

Later in the week, the Commerce Department will release Retail Sales, which could also be a weak number given the large decline in retail sector jobs shown in the governments employment report released last Friday.

For more information visit http://thewealthadvisorsclub.com/business/1115/retail-sto...