Weekly Strategy Perspectives: Holiday Shoppers - Hopeful Harbinger or Hopelessly Over Their Skis?

“Holiday shoppers spent their wallets, not their psyches.”
– Mark Mathews, chief economist, National Retail Federation

The Through Line: The critical holiday shopping season is in full swing, with consumers on the hunt for bargains. Investors, on the other hand, are busy tracking down themes that can help them peg the trajectory for 2026, reflecting consumption’s predominant role in corporate and economic affairs.

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