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Tag: chart

This chart shows link between restaurant spending and new virus cases

Higher restaurant spending appears to be linked to a faster spread of the coronavirus, according to a JPMorgan study. Analyst Jesse Edgerton analyzed data from 30 million Chase credit and debit cardholders and from Johns Hopkins University’s case tracker. He found that increased restaurant spending in a state predicted a rise in new infections there three …

This chart shows link between restaurant spending and new virus casesRead More

Retail stocks’ worst month ever, and chart analyst warns of more pain

Retail stocks are getting pummeled as the coronavirus outbreak worsens and swaths of the country enter a lockdown. The XRT retail ETF has fallen 33% in March, its worst month ever. Some of its components have performed even worse — Kohl’s, Macy’s, and Guess have all dropped by more than 60%. Ari Wald, head of …

Retail stocks’ worst month ever, and chart analyst warns of more painRead More