Black Friday Consumer Resilience Signal
Higher-than-expected Black Friday sales indicate strong consumer strength despite inflation.
Too little corroboration in the last 3 days to call a trend (1 article). Watching for it to gain traction.
"Today’s stronger-than-expected US economic reports on March retail sales and March pending home sales suggest that consumer spending is holding up, a supportive factor for stocks."
""Dana Telsey... expects December retail sales to surprise to the upside after talking with more than 30 companies at the ICR conference this week.""
""this week’s consumer price data release confirmed that middle income homeowners have strong spending power.""
""We're going have a higher-than-expected Black Friday sales number. The reason why I think so is the strength of U.S. consumers is still being far too discounted with full employment and large cash savings.""