Podcast: 164 Million Thanksgiving Weekend Shoppers and Two Other Numbers You Need to Know
Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker
Three numbers to start your day:
But it’s also how many days the S&P 500 has gained more than 1%, according to DataTrek Research.
While the recent market turmoil has done a lot of damage, the S&P has seen more up one percent days than down for the year. Of course, investors have a tendency to note painful days over gainful ones.
That’s something to remember when the market re-opens Friday morning.
But Soros Fund Management avoided some of the pain when it sold out of Facebook, and cut its positions in Netflix and Goldman Sachs Group in the third quarter. A great move considering how hard those stocks have been hit lately.
The investment changes were revealed in SEC filings last week. But Soros could, of course, have bought more Facebook or Netflix since the third quarter ended.
-and over the weekend. But before you have flashbacks to overrun parking lots and department stores, consider that the number of shoppers looking for early-bird deals has actually declined from last year.
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