With an economy relying over two thirds in consumer spending, we keep a constant eye on consumers mood/sentiment and what they are doing, not just saying.
By most counts the most recent “Black Friday” shopping day looks good, which bodes well for our investments as the consumer continues to feel good and well … shop until they drop!
E-Commerce as a % of total Retail Sales – 10%?
In most circles this seems like a dramatic understatement. If Jeff Bezos, Amazon founder and chairman, has his way this will continue to grow dramatically.
Break-in – According to most monitoring services, E-Commerce sales were up major double digits, far out pacing slightly declining brick and mortar.
Hard to believe E-Commerce is only 10% … so far, stay tuned!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth