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Amidst a Backdrop of Other Developments, Powell’s Comments Spark a Good Week for Equities

Ordinarily, many investors would have been focused on the retail sector this week. If we consider Thanksgiving to be the official beginning to the holiday shopping season, this year saw a strong opening. Adobe Analytics reported record-breaking Thanksgiving Day online sales ($5.29 billion, up 2.9% YoY) and strong Black Friday sales as well ($9.12 billion, up 2.3% from 2021.) Electronics, toys, and exercise equipment proved particularly popular. Brick and mortar stores also did well, with the Na...

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