“Almost 40% of Americans plan to spend less this holiday season…”
December 11, 2020
“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…”
Compared to last year markets will should trend downward if this is the case.