The MarketReader Minute
đź›’ Carvana Lifts XLY Amid Used Car Surge and Fed Rate Cut Speculation | Retail Sector Insights
Carvana’s rebound—driven by debt reduction, restructuring, and rising demand for used cars amid auto tariffs—has helped boost the Consumer Discretionary ETF (XLY). With gross margins up in Q2 and weak job growth fueling Fed rate cut hopes, XLY climbed 1.1% alongside gains in Tesla and Lowe’s.