Larry McDonald; creator of THE BEAR TRAPS REPORT and managing director of ACG Analytics, believes it’s a great time to get into the retail sector
“This Senate is toxic, guys. This tax bill is light-years away from happening, and even when it does happen, let’s just say it does pass, the tax cuts on the individual side and on the corporate side eventually will outweigh the border adjustment tax negative on retail,” he said in an interview with CNBC’s “Halftime Report” on Friday.
“Here’s the key number: 24. The retail space over the last 24 months is underperforming the S&P by 24 percent — the most significant underperformance for the retail sector since the 1990s recession. The risk reward is fantastic,” McDonald said. “Get long retail.”Find out more subscribing to The Bear Traps Report
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