Traders work on the floor of the New York Stock Exchange (NYSE) on October 25, 2021 in New York City.
Spencer Platt | Getty Images
Retailers are reporting this week.
Here’s the good news: The consumer is strong, and retail balance sheets have dramatically improved.
“I have been bullish for over a year,” David Berman, portfolio manager at Durban Capital, told me. “There is plenty of money for the consumer, jobs are plentiful, and demand is strong. Retailers are more healthy because store count is down, so there is a more rational environment.”
And what about supply chain issues? “Retailers have pricing power and are able to pass on the higher labor and raw material costs, so gross margins…