While the S&P 500 hyperinflates to new highs on the Fed's billi's, dollar stores and discount retailers like Dollar General (DG), Dollar Tree (DLTR), Family Dollar (FDO), Ross Stores (ROST) and Big Lots (BIG) are still trading below their 2012 highs. DG and ROST are close to testing their highs though. And I'll note that TJX, the parent company of T.J. Maxx, keeps making new highs.
So is this proof that the economy and consumer are finally getting better? Or are these companies just correcting after their monster runs. It will be interesting to see how these stocks do in the next bear market. I charted them all out versus the S&P since early 2009 (charts courtesy of StockCharts.com). You can see that they all started to diverge with the S&P in 2012 (except for ROST).