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Yahoo Finance's market preview: November 23

Black Friday shopping might not be worth all the hype at least according to some analysts. " data-response = "1…

Black Friday shopping might not be worth all the hype at least according to some analysts. ” data-response = “1

5”> Black Friday is arguably the biggest day of the year for shoppers and retailers. According to the National Retail Federation’s annual survey, about 164 million people plan to shop over the five-day Thanksgiving weekend. However, Black Friday shopping might not be worth all the hype, at least according to some analysts.

<p class = “canvas-atom canvas text Mb (1.0em) Mb (0) ) – sm “type =” text “content =” Ian Shepherdson, chief economist at Pantheon Macroeconomics, compared shopping over the holiday season to a marathon saying that it is more of a steady run that is spread over two months and less of a sprint. & nbsp; Additionally, Adobe Analytics projected that the five days between Thanksgiving and Cyber ​​Monday are only going to account for one fifth of the $ 124 billion spent online by shoppers during the holiday season tension from November 1 through year end. So while there might be some notable sales figures on Friday, a lot of the retailers will be offering bargains until right up to the new year. ” data-reactid = “16”> Ian Shepherdson, chief economist at Pantheon Macroeconomics, compared shopping over the holiday season to a marathon saying that it is more of a steady run that is spread over two months and less of a sprint . Additionally, Adobe Analytics projected that the five days between Thanksgiving and Cyber ​​Monday are only going to account for one fifth of the $ 124 billion spent online by shoppers during the holiday season tension from November 1 through year end.

<p class = “canvas-atom canvas-text Mb (1.0em) Mb (1.0em) Mb (1.0em) Mb (1.0em) 0) – sm Mt (0.8em) – sm “type =” text “content =” What is every more perplexing is the lack of transparency on how lucrative Black Friday sales are for retailers. & Nbsp; “Companies only provided limited information which makes it hard to measure how successful Black Friday has been. “It’s not until the new year when we see more detail on complete holiday sales numbers that we get a sense of how retailers have traded,” said Neil Saunders, managing director of retail at Global Data. “data-reactid =” 17 “> What is every more perplexing is the lack of transparency on how lucrative Black Friday sales are for retailers. “Companies only provided limited information which makes it hard to measure how successful Black Friday has been. Neil Saunders, managing director of retail at Global Data, said: “It’s not until the new year when we see more detail on complete holiday sales numbers that we get a sense of how retailers have traded.”

Markets will be open for a half day on Friday, closing at 1 pm ET.

Shoppers walk past the front of an Old Navy in Times Square, New York, U.S. November 22, 2018. REUTERS / Brendan McDermid

<p class = “canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm” type = Here’s what caught markets correspondent Myles Udland’s eye

This stock market sell-off isn ‘ t bothering us consumers

To put it lightly, the stock market has had a bad run since the beginning of October.

All three of the major U.S. indexes have dropped more than 9% from their record highs, with the high-flying FAANG names that powered the market higher than 20% from their 52-week highs.

This pain in financial markets, however, is not broadly impacting the mind of many consumers, a positive for the US economy as we enter the holiday shopping season.

<p class = “canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm” type = “text” content = “The University of Michigan’s final reading on consumer sentiment in November released on Wednesday showed that confidence among consumers in the lowest third of the income distribution rose 10.4 points in November. Sentiment among consumers at the lower end of the Income scale is a more meaningful measure for gauging overall habits as these shoppers have a higher marginal propensity to consume, meaning they are more likely to spend every additional dollar of income. ” data-response = “35”> The University of Michigan’s final reading on consumer sentiment in November released on Wednesday showed that confidence among consumers in the lowest third of the income distribution rose 10.4 points in November. Sentiment among consumers at the lower end of the income scale is a more meaningful measure for gauging overall habits as these shoppers have a higher marginal propensity to consume, meaning they are more likely to spend each additional dollar of income.

In contrast, Sentiment among people in the highest third of incomes fell 6.6 points. Deze daling is te verwachten als hogere earners zijn meer kans om eigen financiële activa en dus gevoelig te zijn voor fluctuaties in markten. Higher earners are also less helpful in measuring overall consumer appetites as they are more likely to save, rather than spend, additional income.

<p class = “canvas-atom canvas text Mb (1.0em) Mb (0) – -sm Mt (0.8em) – sm “type =” text “content =” But overall indicates that a theme we hit earlier this week remains squarely in play as economic data rolls in – the stock market might be ugly “Economics at Oxford Economics said Wednesday’s sentiment report,” suggests that recent equity market volatility is weighting on sentiment for those who own a large majority of stocks, while wage gains “” data-reaction = “37”> But overall indicates that a theme we hit earlier this week remains squarely in play as economic data rolls in – the stock market might be ugly , Men økonomien er klar til at forbli stærk. Economists at Oxford Economics said Wednesday’s sentiment report, “suggests that recent equity market volatility is weighing on sentiment for those who own a large majority of stocks, while wage gains are emboldening those in the lower echelons of the income distribution.”

< p class = “canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm” type = “text” content = ” In October, the & nbsp; economy created 250,000 new jobs & nbsp; and wages grew at the fastest pace in over nine years. In the third quarter, the & nbsp; GDP grew at an annualized rate of 3.5% ; the back-to- back quarters of growth in the middle of 2018 were the best stretch for the economy since 2014. “data-reactid =” 38 “> In October, the economy created 250,000 new jobs and wages grew at the fastest pace in over nine years. In the third quarter, the GDP grew at an annualized rate of 3.5% ; De back-to-back quarters of growth in the middle of 2018 were the best stretch for the economy since 2014.

And for many consumers, the economy is seen as good or bad simply based on whether or not they have a job ; for about 2.5 million Americans over the last year, the answer to that question has become yes.

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