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Phil Rosen highlights the contrasting performance of major U.S. retailers over the past 12 months. Target has outperformed its peers, while Lowe's and Home Depot have recorded double-digit declines. Walmart remains in a middle position, underscoring a significant divergence among big box consumer names.
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Phil Rosen has tracked other major sector shifts in recent coverage. He reported that the energy XLE surpassed the S&P 500 after supply shocks in 2016, 2017, and 2022 in a previous article. Rosen also noted a record 68-month streak of positive stock-bond correlation, which impacted the effectiveness of 60/40 portfolios, as detailed in another report.