[The beef 675]
[I'm an image]
âLauren Sanchez must be one happy lady.â - Jason, on Amazonâs big holiday season
[Read The Beef Online - Click Here](
Hey there carnivores,
Markets hit record highs on Thursday.
And today weâve got a recap of a record-setting holiday sales season.
Keep raging,
Jeff & Jason
[Image]
[I'm an image]
Itâs the holiday szn
The holiday shopping season is crucial for retailers, as revenue between Thanksgiving and year-end [can drive]( up to 40% of annual revenue. Unfortunately, this was the shortest holiday season since 2013, as Danksgiving fell on the 28th of November.
But, thanks to advances in modern technology (read: the interwebs) retailers closed out the year on a positive note. Retail sales grew 3.4% year-over-year, due in large part to online sales growing 18.8% over the same period.
Put on your cape
Black Friday and Cyber Monday may get all the notoriety, but Super Saturday went all âhold my beer.' The Saturday before Christmas (December 21) was the [biggest single day]( in US retail history, bringing in $34.4B. This topped Black Fridayâs record-setting haul of $31.2B by 10%, with Walmart, Costco, Target, and Amazon leading the charge and accounting for 58% of the sales.
Speaking of Amazon, the online retailer had a record-breaking holiday season, as customers purchased more than half a billion items. Amazon Primeâs service [was used by more]( people in 2019 than any year prior, and the number of items that were shipped via one-day and same-day delivery nearly quadrupled compared to 2018.
The Echo Dot, Lady Gagaâs eyeshadow, and the iRobot Roomba were the most popular gifts purchased. Jeffrey Commerce is notoriously tight-lipped about breaking out holiday sales figures. But he did have this to say about the numbers: [they're real... and they're spectacular.](
The bottom line...
Sales at department stores fell 1.8%, but consumers are purchasing more than ever online. In order to make up for the shortened holiday szn window, retailers offered sales across all channels and devices earlier.
Shares of Amazon rose more than 3.4% on the day, leading the S&P 500.
[I'm an image]
The gift that keeps on giving...
And we arenât talking what you picked up on your last trip to Vegas.
Jeffâs [Bullseye Trades]( strategy is the simplest and least time-consuming strategy in RBâs repertoire⦠and itâs created for busy professionals, parents and anyone who doesnât have time to sit in front of a computer monitor and watch the markets all day.
You see, Jeff will send you his highest conviction trade every Monday (yup, just ONE trade per week) with the goal of one-hundred percent profit targets.
Who doesnât have time for that?
[I WANT TO GET MY BULLSEYE TRADE THIS MONDAY](
[I'm an image]
âï¸ Getting High. Stock markets are going gangbusters right now. The Dow, S&P, and Nasdaq were all up again yesterday reaching new all-time highs. And the Nasdaq [hit 9k]( for the first time in its existence. It would appear that the Santa Claus Rally is in full effect ([WTF is this?](). But let's not forget that the Dow [plummeted]( more than 1.5k points over two days last December. RIP. Weâve still got a few sessions left during the official Santa Claus Rally trading period. Your move markets.
âï¸ So not chill. The organizers of the Burning Man festival finally came down from a seven-year acid trip and [filed a lawsuit]( against the US Bureau of Land Management claiming that the government organization overcharged them millions of dollars in permit fees to run the counterculture celebration in the Nevada desert. Black Rock City, the nonprofit that produces the event has been waiting for four years to get justification on the $3M (vs. the $1.4M charged in 2012) the government charges it to hold the 80k person event 100 miles north of Reno. Shocker... a bunch of anti-establishment types, who call themselves Burners, don't understand inflation. Perhaps they should ask [Ray Dalio](?
âï¸ Friday beers. Kids these days aren't throwing back crispy boys like they used to. Cowen is [bearish]( on brews, citing a decrease in teenagers' domestic beer consumption as the vice du jour increasingly becomes reefer. Not to mention consumers of all ages are reaching for seltzers and spirits more often than barley pops.
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