[Investing] Foot on the Ground: Retail

I always like to do field research when I can- So going to shops and just walking around seeing for rent signs are forms of due diligence that I engage in.

Thankfully, I live close to major malls. Yup, OC is very nice. I walked to Target because the sun was too hot and my son seemed to be dehydrating.

Wow- I was surprised by the crowd. It’s a weekday 2PM. There shouldn’t be so many people.

And before the pandemic, there wasn’t many. That is why we always shopped on weekdays afternoons.

However, there were lines, I was inspecting the items and I knew it was Christmas shopping. Lot of toys and clothings.

The toy section was almost empty! Wow- And this Target is not even that popular, so it means that they bought a lot.

Few days ago, I had to go to Best Buy to get something. Wow…long line….lot of people- They were buying TVs and more. Black Friday is not over I guess…

I am supposing that many people have excess income left as they are not eating out and not traveling. Still they were buying a lot.

No wonder Wall Street is betting on a sales surge-

Some analysts are recommending going long Amazon, Best Buy, and other retailers-

I am like…yeah makes sense.

However, given that the US house debt is almost 60K- may be they should pay down their debt a bit first?

Interest rate won’t move at least for the next two years still…

I understand consumption to release stress especially during the pandemic but…paying down debt would seem more sensible.

Yes, you live only live once but that is why you need to be more sensible-

Anyway, I expect some huge retail sale surge that will have stocks rocketing after Christmas-

Thank You Jesus for another blessed day. Let us always be thankful and give You all the glory Amen!

Rejoice at all times. Pray without ceasing. Give thanks in every circumstance, for this is God’s will for you in Christ Jesus.

1 Thessalonians 5: 16-18

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