The stock sector has become increasingly volatile as the hopes of a quick and clean stimulus have faded and investors begin to second guess these record-high valuations. shares have had a string of bad beats and honestly, I don’t know what anyone was thinking of jumping on this sector as major recession sets in. I think it is a fundamental misunderstanding of the initial health of the US economy or people simply don’t care but we have been seeing weakness in the underlying economy for a couple years. One of the most concerning things is the 2020 recession is it’s beginning to eat away at Americans disposable revenue and according to a new Gallup poll many Americans have determined to spend less on Christmas this year and though they bring up this super-v this typically doesn’t happen except during recessions. The drop was significant and typically holiday spending rises around 3% YOY so it would be a major break from the trend we’ve seen during the past few years now that it’s dropping. If this trend holds true it could mean it is the breaking point for a make or break holiday season before it’s even begun. Many retailers have been struggling to make the rent and dramatically rethinking their brick-and-mortar footprint and with so many Americans reporting they plan to do most of their holiday spending online this year it could be the end for many.
Disclaimer:
If you own the YouTube channel related to this video and do not want it to be featured here, you can contact us through our contact page. We will gladly remove it without questioning your reason