Dear ,
It's a blood bath out there.
I'm not talking about the stock market. That's doing just fine. Thank you.
I'm talking about the local retail environment.
Foot traffic for physical retail stores was down 52% on Black Friday, according to Sensormatics.
That's nothing compared to the bigger picture. Yelp says that more than 100,000 U.S. small businesses have shut permanently in 2020.
And while those barely getting by are waiting until The Treasury Department can unleash more than $1 trillion under incoming secretary Janet Yellen, don't be surprised if thousands of other restaurants, shops, yoga studios, and more shut their doors by January.
This is not just one of the most important economic stories of the year, it is also the bookend to the largest market events of the decade. Let's talk about how to play this situation.
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*Results presented are not typical and may vary from person to person. Please see our full disclaimer here: https://ragingbull.com/disclaimer/
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