Here in America, we have a little Thanksgiving tradition—it’s called trampling over your neighbor to get to the biggest deal on a new TV or the hit toy of the season at 50% off. Black Friday has become a big event.
Historically, the day was when retailing stocks moved from being unprofitable to into the “black” for the year. Today, it’s evolved into as big of a holiday as turkey day itself but with door busters, price matching and long hours for retail workers. There is more pomp and circumstance around the shopping day—and its online equivalent Cyber Monday—than Thanksgiving itself.
And you know what? It’s actually total BS from an investing standpoint. Retail stocks and economic forecasting aren’t so dependent on the day anymore.