Can Coach Purses And $4 Coffees Drive Consumer Discretionary ETFs?

If the economic recovery effort can be thought of as a relay race, the governments of the world are nearing the end of their leg. After propping up the economy with massive stimulus programs and unprecedented injections of liquidity into global financial markets, cash-strapped government leaders are now looking to pass the baton to consumers, hoping that a surge in private spending will somehow materialize without a prior downswing in unemployment and lend staying power to the recovery. What remains to be seen is whether the hand-off will be a clean one, or if the baton will clank along the ground. By many indications, the outlook is dim. Consumer confidence recently fell for the first time in three months on fears of a jobless recovery. “Increasing uncertainty and apprehension about the future state of the economy and labor market, no doubt a result of the recent slowdown in [...] Click here to read the original article on ETFdb.com. Related Stories: Beyond XLY: Three Pure Play Consumer Discretionary ETFs Tuesday’s ETF To Watch: Consumer Discretionary SPDR (XLY) Consumer Discretionary ETFs Surge on Confidence News