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Economy

“Almost 40% of Americans plan to spend less this holiday season…”

“Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest such percentage since 2013, according to the CNBC All-America Economic Survey. Just 11% plan to spend more… The average American plans to spend just $886, down 10% from their planned spending last year, according to the survey…”

https://www.cnbc.com/2020/12/10/many-americans-plan-to-spend-less-this-holiday-season-as-covid-lingers.html

Compared to last year markets will should trend downward if this is the case.

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