Wall St. Journal: Shoppers delivered the strongest holiday sales increase for U.S. retailers in six years

UPDATE: 

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STOCKS ROAR BACK
DOW +1,086
BIGGEST GAIN EVER

“Wall Street is running around like a chicken with its head cut off, while Mr. and Mrs. Main Street are happy with their jobs, enjoying their best wage increases in a decade”…

~ Craig Johnson, president of Customer Growth Partners

"There really is a big disconnect between Wall Street and Main Street"

The US economy continues to see tremendous growth. Retailers see the strongest holiday sales in six years according to initial reports. U.S. holiday retail sales rose 5.1% from a year earlier, according to Mastercard, the strongest increase in six years

Wall Street is being impacted by their multinational reliance which is heavily weighted toward global investments.  Main Street is driven by the actual U.S.A. checkbook economic factors.  This is the modern disconnect.  After decades of Wall Street companies investing overseas, and generating investment products that are fundamentally detached from the U.S. economy, they do not benefit from a strong U.S. economy.  However, Main Street directly gains from internal U.S. economic growth.

It is likely retail stocks with a heavy weight on the U.S. consumer market will see a resurgence in stock market value.  Last year’s 2017 holiday sales were approximately $598 billion as measured by Consumer Growth Partners.  This year’s holiday sales look to be around $850 billion, as measured by the same data firm.

Bottom Line: U.S. companies who have actual connection to a growing U.S. economy can succeed; based on the advantages of the new economic environment and MAGA policy, specifically in the areas of manufacturing, trade and the ancillary consumer benefactors.

by  @ Conservative Tree House (aka The Last Refuge

Read it all @ Follow The Money 


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