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Costco Wholesale Insider Sold Shares Worth $1,793,426, According to a Recent SEC Filing
Is american spending slowing down? The largest retail industry organization has issued a warning that the growth rate of year-end holiday consumer spending is slowing down.
Although the National Retail Federation expects total holiday season spending to reach a new high, persistent high inflation continues to erode consumer purchasing power. The growth rate of this year's most important holiday sales will be lower than last year, and household spending will be more cautious. Consumer spending is a key pillar of the US economy, insufficient consumption power may lead to a pessimistic outlook on the economy.
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(COST) - Analyzing Costco Wholesale's Short Interest
The significant risks in November are undergoing crucial changes.
Less than a month away from the usa presidential election day on November 5th, the market is starting to price in the risks of the election results. Currently, Trump has regained a leading advantage, adding variables to the election. CICC believes that for subsequent assets, the overall bullishness of the election is favorable for US stocks but tariffs are unfavorable for chinese assets; the US dollar is relatively strong, gold is neutral, interest rates are rising; bulk commodities may benefit from expectations of Trump's stimulus.