11/6/2023 Holiday Spending
Russell E. Towne | November 6, 2023
AUTHOR: russell.towne@townewealthmanagement.net/BLOG 11/6/2023: Towne Wealth Management BLOG:
Holiday Spending
A record amount of money is expected to be spent this holiday season, reports the National Retail Federation (NRF) 11/2/2023. This news is amazing considering the economic headwinds, steep borrowing costs, persistent inflation and the repayment of student loans back on. It is projected that November and December sales will rise 3% to 4% year over year. Those numbers amount to $957.3 billion to $966.6 billion in spending…
which would be…
the highest numbers ever recorded!!!
On such news, a new Speaker of the House and the Fed passing on another
rate increase, the markets rallied on what some are saying is
an oversold market.
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.