“Robust holiday shopping sends economy soaring into 2024”
January 3, 2024
“…On Tuesday, fresh retail sales data from Mastercard showed that consumers spent big on gifts, meals and apparel in November and December despite inflation’s lingering bite. Add on strong consumer confidence, and the S&P 500’s approaching an all-time high, and it’s clear that the U.S. economy is in a far better place than just about anyone expected, zapping any hints of a recession and bolstering hope that people will keep opening their wallets in 2024…
U.S. adds jobs in November as labor market remains slow but steady
The cheery holiday report was expected, building on a strong summer and third quarter, when the economy grew like gangbusters. Sales on Black Friday set a record of $9.8 billion, up 7.5 percent from the year before. Cyber Monday came in even higher at $12.4 billion, according to Adobe Analytics…”
Anyone that steps foot inside a grocery store realizes the vast majority of this article is a lie. The stock market went up because of speculation on the Fed lowering interest rates.