U.S. retail sales fell as inflation and recession-wary shoppers curtailed their spending. Softness in consumer spending activity stemming from price pressure, a slowing labor market, and a higher interest rate environment indicates that the economy is losing momentum.
Considering the industrial challenges and bleak market sentiment, we think it could be wise to avoid fundamentally weak stocks SIGNA Sports United N.V. (SSU), Conn’s, Inc. (CONN), and Digital Brands Group, Inc. (DBGI), which are declining in April.
