Weekly Market Commentary

12/5/22 RESILIENT CONSUMERS HAVE NOT SAVED RETAIL STOCKS

Jeffrey Roach, PhD, Chief Economist, LPL Financial
Thomas Shipp, CFA, Quantitative Equity Analyst, LPL Financial 

Economic and corporate data support the initial strong reads on holiday retail sales despite the macro headwinds, reinforcing the idea that today’s consumer is in a better position than usual at this point in the business cycle. However, consumers were likely tapping into credit and using savings to support spending. In this week’s Weekly Market Commentary we share insights on publicly traded retailers, analyze their underperformance year to date, and look forward to 2023. 

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