Week of December 22, 2025
A recent Wall Street Journal article titled What Christmas Tree Sales Tell Us About Holiday Spending suggests that there is a positive correlation between Christmas tree sales and overall consumer spending. “This year, [Christmas tree sales] aren’t very good, running just 3% above last year’s levels… Last year, sales rose 7%.” Moderate declines in consumer spending can potentially temper inflationary pressures and result in higher real returns. Sharp contractions in consumer spending, however, can have worse effects. No changes to our Signals. Happy Holidays to all.
Michael Mullenax CFP® and Bob Bilkie, CFA.
