Retailers, consumers and prices
Check out Bernstein Research talking about signs of a bottom for retail stocks.
In a research note, Bernstein says that as the broader market recovered a strong 8.5 percent in March, retailers logged another month of robust performance, with a 15.9 percent return for the month.
A critical factor in this apparent stabilization of consumer demand is the savings rate, according to Bernstein.
“A steadily increasing savings rate applied severe pressure to discretionary spending in late 2008 and early 2009, and a rising savings rate is the most significant risk to the consumer outlook,” the note states.