Retail has been one of the most hated sectors of the stock market. The Amazon taking over the world meme is simply too much for many investors to resist. But we do not think anyone, investors included, can stay mad forever. The hard part is to figure out when investors get emotionally worn out or become convinced that their theses and worldview should change. We think there is a decent chance that retail is slowly turning and we have made some investment suggests to capitalize on this thesis. One of the first clues suggesting a turnaround was the pop in Macy's (M) share price. Macy's share price bottomed at $17.42 on November 8 and it closed trading yesterday at $24.80. This is a 42% move. But there are other clues that a turnaround in retail could be at hand.
