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What recession???

edited November 2022 in Other Investing
https://www.reuters.com/business/retail-consumer/cyber-monday-sets-sales-record-shoppers-splurge-toys-electronics-report-2022-11-29/

Reuters - Discount-hunting shoppers snapped up more Pokemon cards, TVs and air fryers on Cyber Monday, pushing sales to $11.3 billion, making it the biggest U.S. online shopping day in history, according to data from Adobe Analytics.



Likely more hawkish discussions from Feds tomorrow meetings.? 0.5

Prob least 2 3 or 4 months of increased rates

Comments

  • "Sales, not adjusted for inflation, rose 5.8% from a year ago...." OK, so NOT adjusted for inflation, total Sales revenues are up. Not too surprising.

    Wait until some of these folks start receiving their inflated NG heating bills this winter.

    Though large scale layoffs have been taking place, especially in Tech, it still doesn't feel all doom and gloom on the job front. Plus, the 4Q stock market bounce has taken some of the edge off.

    "Whistling by the graveyard"?
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