Business Magazine

Monday Market Movement

Posted on the 30 November 2020 by Phil's Stock World @philstockworld

There were no lines outside Best Buy early on Black Friday in Sacramento, Calif., but this year many customers waited outside to pick up online orders.Good morning!  

There's some issue with our site certificate, which is supposed to be valid THROUGH 11/30 but I'm getting an error message this morning so I'm sorry if some of you are having trouble accessing (Edge lets you bypass the issue, Chrome does not).  I hope everyone had a great Thanksgiving.  We've already pulled back a lot of our trades for the holidays as we expect a dip between now and January and we've had a great year so why risk it?  It is making it hard for met to find a good Trade of the Year, though – and I have the pressure of having to announce it next week on Money Talk (Weds, 7 pm).  

Black Friday at the Arden Fair Mall in Sacramento.
As you can see from the image above and this one here, Black Friday was a bust for in-store Retailers but a boom for on-line though I very much doubt it's possible that on-line sales made up for retail as on-line has been only 10% of all sales so, of in-store was down 20%, on-line would have to be up 200% to make up for it and that's just not at all likely.

Today is, of course, Cyber Monday but that's kind of out the window too with everyone working at home all the time.  Hope springs eternal in the Retail Sector but, as we predicted, Christmas is officially cancelled as Dr. Fauci said yesterday that "restrictions and travel advisories will be necessary for the Christmas holiday season."

In fact, Cyber Monday sales are only projected to grow 15-35% this year and that will never be enough to cover the drop in Retail and the indexes are reflecting that this morning with a bit of weakness that is not surprisign any of our Members, who had a nice relaxing weekend with their CASH!!!  Up 35% would push Cyber Monday sales to $12.7Bn, out of $6,000,000,000,0000 in Retail Spending, that's 0.2% 

Real-time shopping data from both …

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