So I mostly follow individual stocks in the consumer discretionary space so every now and then I take a look at the bigger. This time (as I’ve noticed seems to be a trend), I’m confused. While the S&P500 is down 27% over the past 3 years, the S&P consumer discretionary index is down only 21% and the retail index is only down 13% (the latter was actually higher than 3 years back a few short months ago!).
I don’t get it. Help?