You have been at this game as I have for a while no doubt and have seen this before always happens, retail over expands to keep investing public/happy interested because the next tech bubble is blowing up.
Retail loses as they over expanded rather than working on profits which is what retail should always do, you can only be so big, there are only so many places to build a shop and as well you must close the losers when an area declines, don't hold on just to keep the revenues the profits suffer.
Retail always makes that mistake, every 10 years o so trying to keep up with the tech Jones. its all about profits, you don't ave to keep getting bigger, just keep making that money and give a steady dividend simple.
Instead they try to grow to much and get to big, end up losing and stopping dividends and find themselves starting from scratch again.
Maybe Macy's will have some realization of that and climb the next month, it should. Thqts why I always stick close to value stocks that just make money as tech bubbles always bust going back to the first one the auto tech bubble, yes, that was the first.
hen that falls apart and breaks down people run to the tired and true money makers, always keep an eye on the solid winners I learned know them so when they run to them you know ones are in the best shape.
I think going forward this year things will start to trun as tech stocks continue to not deliver on high valuations always does happen. TSLA will be the first victim, its on oxygen at the moment even book value slipped another 6-7 dollars think it only books for $21 now and is damn near BK.
Oh let me quit running my big trap here is an article from the past speaking of just that sort of thing from 1999 and it only got worse in the next 12-18 months for tech and value just chugged right along to new highs same thing in 2009 when I had my PIR life changer, it will again, nuts and bolts and making cash with realistic valuations.
https://www.nytimes.com/1999/04/20/business/the-markets-stocks-stock-market-hit-as-investors-flee-technology-area.html
Peace out.
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