The early holiday results are in, and it's a "ho hum" quarter for traditional retail.
Key Takeaways from the CNBC Report:
• Modest Growth: Early data shows only slight year-over-year gains, failing to meet more optimistic forecasts.
• Consumer Fatigue: Inflation and high interest rates seem to be finally cooling down the American consumer.
• Shift in Spending: While big-box stores struggle, some digital sectors are holding up, but the overall "critical quarter" is underwhelming.
In a world of fiat debasement and cooling retail growth, the argument for hard assets only gets stronger.