Saturday, November 28, 2015

Black Friday crowds thin in subdued start to U.S. holiday shopping

News
Adam smith wrote about the invisible hand long before the advent of convenient and what Insight readers recognize as lagging and deficient headline 'explanations'. Retail stocks' underperformance relative to the broader market has been warning us that the 2015 holiday season would likely be disappointing. It's also confirming a business cycle transition that the majority has yet to recognize. Late recognition will fuel the next panic.



Headline: Black Friday crowds thin in subdued start to U.S. holiday shopping

America's annual Black Friday shopping extravaganza was short on fireworks this year as U.S. retailers' discounts on electronics, clothing and other holiday gifts failed to draw big crowds to stores and shopping malls.

Major retail stocks including Best Buy and Wal-Mart closed lower while Target, picked out by one analyst for its promotion strategy, saw its shares tick up.


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