Black Friday online sales strong, in-store sales weak, market overbought

From Investing.com: 2024-12-03 06:52:00

Black Friday saw strong sales, with online purchases doubling since 2017 to $10.8 billion, while in-store sales only grew by 0.7%. However, it’s too early to predict holiday sales. Market is overbought, likely needing a pullback before more gains. Sector rotation expected with most sectors overbought, except Energy. Managers are extremely bullish, a sign of potential market peaks. 2025 S&P 500 forecasts show interesting trends. SimpleVisor analysis indicates frothy markets, with sectors and factors showing very overbought conditions. Emerging markets and gold miners are weak relative performers.



Read more at Investing.com: In-Store Sales Falter Despite a Good Black Friday