Black Friday

Weekend Reading: Trumponomics

“The problem for Trump is that we no longer reside in the 80’s where a large group of ‘baby boomers’ were entering the workforce and driving a massive wave of innovation and productivity changes.  Today, we are on the wrong side of the demographic trends combined with falling productivity and labor force growth.”

The Last Ride Of The Unemployment Rate

After eight years of trying to see recovery where there was none, the constant spin of sunshine will very likely disappear on January 20. It is ironic in one sense since it is this very disparity between mainstream “reporting” and actual economic conditions that contributed to the Trump victory in the first place.

Global Stocks Slide On Italian Bank Worries; Dollar Dips As Trumpflation Takes A Back Seat

European shares dipped and U.S. equity-index futures (-0.3%) pointed to a lower open as traders questioned the stability of the Italian banking sector ahead of next weekend's referendum as well as the longevity of the Trumpflation rally, pressuring the dollar.  "It's a bit of a pull back in the dollar," said Societe Generale strategist Alvin Tan. "The fall in oil is pushing back U.S. bond yields and that is leading the consolidation in the dollar.. there is more scepticism about an (OPEC) output cut now."

The Battle Of Black Friday: Visualizing The Winners And Losers

Black Friday is the day when retailers try to push their sales to the last limits in order to maximize their profits, i.e. move from red (loss) column to the black (profit). While the shoppers try to grab the best bargains of the year, the retailers, on the other hand, try to achieve their Black Friday sales targets, this battle continues till the end of the day to mark the winners and losers of this battle.

Frontrunning: November 25

  • Dollar rally pauses, Italian stocks underperform (Reuters)
  • Retailers Vie for Black Friday Dollars (WSJ)
  • Holiday Price War Intensifies as Wal-Mart, Target Pursue Amazon (BBG)
  • U.S. Pushes Iran on New Measures to Fortify Nuclear Deal (WSJ)
  • Brent and WTI see small gains as end of year approaches (Reuters)

One Shot Dead Outside South Jersey Mall On Black Friday

For yet another year, Black Friday has started off with a (deadly) bang, and as CBS reports, police are investigating a shooting outside of a South Jersey mall on Black Friday. It happened early this morning in South Jersey outside of the Macys department store at the Hamilton Mall, near Atlantic City. CBS 3’s Trang Do reports one person has died in the shooting.

Furious Dollar Rally Fizzles On "Black Friday"; US Stocks Set To Open At New All-Time Highs

Having soared to fresh 13 year highs in a quiet overnight session on thin liquidity due to the US Thanksgiving holiday the dollar pared back its weekly advance with modest profit taking after traders wondered if the rally has gotten "too stretched." European shares were fractionally higher, with Asian stocks and US equity futures rising and both the Dow Jones and the S&P set for new all time highs.

Perpetual Black Friday

Whatever numbers the retail association posts this weekend for Black Friday (typically overoptimistic assessments) are likely to be skewed this year even more.

Retailers Panic: 63% Of Americans Plan Not To Shop On Black Friday

According to a Reuters poll, some 63%, or nearly two-thirds, of US adults did not plan to shop on Black Friday this year. Some 32% said they plan to finish about half of their holiday shopping on that day. As a result "shocked" US retailers are doing everything they can in their scramble for market share.