According to Adobe Analytics, a third-party statistical agency in the e-commerce industry, American consumers' enthusiasm for shopping on "Black Friday" will continue to rise. $Amazon.com(AMZN)$ This year's online shopping consumption on Black Friday increased by 7.5% compared to 2022, reaching a new high of $9.8 billion. This performance is better than 2022 (up 2.3% YoY) and better than the October forecast ($9.6 billion, up 5.7% YoY). Online shopping consumption on Thanksgiving before Black Friday increased by 5.7% YoY, better than the same period last year (up 2.9% YoY) and slightly better than the forecast of 5.5%. Therefore, Adobe predicts that total holiday sales this year will reach $221.8 billion (up 4.8% YoY), and this data only analyzes
Ready for the Best Month? How to Trade Nov.?
Historical data show that the best months for the stock market are April, November, and December. The stock market declined much in October, with S&P 500 losing 2.21%, NASDAQ dipping 3.43%. Since entering November, S&P 500 and Nasdaq rebounded over 5% last week. ----------- Do you think it's a sustained rally? Which stock market or sector are you bullish most? What's your trading plan to join the rallly wagon?
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