Black Friday will be a test for market near all time highs

[] Can this market keep going? [] [] [] Wednesday, November 27th [] ______________________________________________________ [] I once wanted to become an atheist, but I gave up - they have no holidays. -Henny Youngman [] ______________________________________________________ [] Markets Today 🌏 Asia-Pacific: Up🇪🇺 Europe: Down 🇺🇸 United States: Down 🛢️ Oil: Down ⚡ Crypto: Up [] ______________________________________________________ [] Major Market Events • BlackRock, Vanguard Accused of Antitrust Violations by Texas • ‘Magnificent Seven’ Get Hit as Stocks Halt Rally: Markets Wrap • Expect a 'fairly strong' Black Friday driven by value-seeking [] ______________________________________________________ [] 🤔 My Thoughts I hope everyone is having a great holiday week… But we’re watching the markets closely, especially retail and consumer stocks, as this Black Friday offers a big test for this market… And whether or not it can withstand all-time highs. Some people are cautiously optimistic: Americans have a more upbeat outlook for holiday shopping than in the prior two years, according to a Morgan Stanley survey of about 2,000 consumers published earlier this month, with about 35% saying they expect to spend more this season than a year ago. It’s been a mixed year for retailers, with the giants continuing to do well… but some others in trouble. Walmart is up over 70%, warehouse retailer Costco Wholesale has jumped 46%, while Amazon has climbed 30%. Discount retailers Dollar General and Dollar Tree are down over 40% and 50%, respectively, in 2024, as analysts point to inflation being a big problem for lower income consumers. Shares of Target, whose weak forecast came as value-conscious consumers shopped for low-priced essentials at rival retailers, are down 12% on the year. What does that mean for this week? Well, we won’t know for sure till after Friday. What do you think? What will your holiday spending look like this year? Let us know with a response to this email [] To Better Trading, Alex Reid Wealthpin [] WealthPin [] Wednesday, November 27th [] ______________________________________________________ [] I once wanted to become an atheist, but I gave up - they have no holidays. -Henny Youngman [] ______________________________________________________ [] Markets Today 🌏 Asia-Pacific: Up🇪🇺 Europe: Down 🇺🇸 United States: Down 🛢️ Oil: Down ⚡ Crypto: Up [] ______________________________________________________ [] Major Market Events - BlackRock, Vanguard Accused of Antitrust Violations by Texas - ‘Magnificent Seven’ Get Hit as Stocks Halt Rally: Markets Wrap - Expect a 'fairly strong' Black Friday driven by value-seeking [] ______________________________________________________ [] 🤔 My Thoughts I hope everyone is having a great holiday week… But we’re watching the markets closely, especially retail and consumer stocks, as this Black Friday offers a big test for this market… And whether or not it can withstand all-time highs. Some people are cautiously optimistic: Americans have a more upbeat outlook for holiday shopping than in the prior two years, according to a Morgan Stanley survey of about 2,000 consumers published earlier this month, with about 35% saying they expect to spend more this season than a year ago. It’s been a mixed year for retailers, with the giants continuing to do well… but some others in trouble. Walmart is up over 70%, warehouse retailer Costco Wholesale has jumped 46%, while Amazon has climbed 30%. Discount retailers Dollar General and Dollar Tree are down over 40% and 50%, respectively, in 2024, as analysts point to inflation being a big problem for lower income consumers. Shares of Target, whose weak forecast came as value-conscious consumers shopped for low-priced essentials at rival retailers, are down 12% on the year. What does that mean for this week? Well, we won’t know for sure till after Friday. What do you think? What will your holiday spending look like this year? Let us know with a response to this email [] To Better Trading, Alex Reid Wealthpin [] WealthPin [] A Wealthpin Publication ABOUT US: Wealthpin is a publishing and education company. We believe that the best manager of your money is YOU and we want to give you great research to help you do that. Our goal is to uncover cutting-edge investment ideas and share them with you in a way that’s clear and useful. Our investment research is typically focused on undervalued stocks, high dividends and major growth potential. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpin are for your informational purposes only. Neither Wealthpin nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. 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[Unsubscribe]( This email was sent to {EMAIL} by Wealthpin 101 Marketside Ave, STE 404, PMB 318 | Ponte Vedra | FL | 32081 WealthPin [] A Wealthpin Publication ABOUT US: Wealthpin is a publishing and education company. We believe that the best manager of your money is YOU and we want to give you great research to help you do that. Our goal is to uncover cutting-edge investment ideas and share them with you in a way that’s clear and useful. Our investment research is typically focused on undervalued stocks, high dividends and major growth potential. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpin are for your informational purposes only. Neither Wealthpin nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpin is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Wealthpin 101 Marketside Ave, STE 404, PMB 318 | Ponte Vedra | FL | 32081 WealthPin