Two of the most maddeningly tardy elements of the recovery are finally showing signs of improvement.  Small Businesses and Consumers have been extremely slow to join the corporation-led rebound – so slow that their absence at the party has led many to conclude that a double dip was on the way.

But wait!  A flurry of datapoints are rolling out that contain some genuinely encouraging stuff for these groups.  Retail stocks have been the first to react to the below developments this morning, the $XRT is flat-to-up vs an S&P 500 that’s down .6%.

First, the Consumer:

Consumer Confidence Index (The Conference Board):  The Conference Board Consumer Confidence Index®, which had improved in October, increased further in November. The Index now stands at 54.1 (1985=100), up from 49.9 in October. The Present Situation Index rose to 24.0 from 23.5. The Expectations Index increased to 74.2 from 67.5 last month.

Black Friday (ThirdAge):  The National Retail Federation says that new records were reached from Thursday to Sunday as U.S. consumers spent an estimated $45 billion shopping.

Cyber Monday (CNNMoney):  Online sales on Cyber Monday surged nearly 20% from last year, according to findings from an analytics group released Tuesday.”Cyber Monday came in as the biggest shopping day of the year so far,” said John Squire, chief strategy officer of Coremetrics, a unit of IBM Corp.

And Small Business:

Chicago Purchasing Managers Index (Bloomberg):  Businesses in the U.S. expanded at a faster pace than forecast in November, signaling the world’s largest economy was speeding up heading into 2011.  The Institute for Supply Management-Chicago Inc. said today its business barometer rose to 62.5 this month, highest since April, from 60.6 in October. Figures greater than 50 signal expansion.

Intuit Small Business Employment Index (MarketWatch): The monthly report found that small business employment grew by 0.24 percent in November, equating to an annual rate of about 3 percent. This translates to approximately 49,000 new jobs created nationwide.

Equifax Small Business Bankruptcies (WSJ):  Small-business bankruptcies among the 15 U.S. metropolitan areas with the highest amount of such bankruptcies fell 4.4% in the third quarter from a year ago, according to an Equifax Inc. (EFX) report, putting the year-to-date figure slightly lower than 2009.


The numbers we’re seeing aren’t red-hot, but they’re welcome in that they indicate a busier environment for those who have not much activity to cheer about just yet in this recovery.  Although US stocks came off their lows as some of this news began to be digested, the black cloud of Euro Debt Contagion still looms large over our markets.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. how to choose a vibrator adam and eve commented on Sep 18

    how to choose a vibrator adam and eve

    […]please take a look at the web sites we comply with, such as this one particular, because it represents our picks through the web[…]

  2. خرید وی پی ان commented on Sep 19

    vpn ایفون

    please visit the internet sites we stick to, these kinds of as this one distinct, as it represents our picks through the web

  3. خرید وی پی ان commented on Sep 20

    vpn ایفون

    If you are heading for most outstanding contents like myself, just go to see this internet site each day because it provides function contents, many thanks

  4. Wordpress theme development commented on Sep 20

    WordPress theme development

    […]Every the moment in a although we decide on blogs that we study. Listed below would be the most up-to-date web-sites that we pick […]

  5. خرید وی پی ان پر سرعت commented on Sep 20

    vpn ایفون

    I was curious if you at any time considered of modifying the structure of your website? Its quite nicely created I love what youve received to say. But perhaps you could a tiny a lot more in the way of articles so individuals could join with it much be…

  6. اکانت vpn commented on Sep 21

    vpn ایفون

    Listed here are numerous of the net web sites we advise for our visitors

  7. خرید vpn برای ویندوز commented on Sep 22

    vpn ایفون

    I do not know if it is just me or if maybe everyone else encountering difficulties with your website. It seems as if some of the written text inside your posts are operating off the monitor. Can any person else please comment and allow me know if this…

  8. اکانت vpn commented on Sep 23

    vpn ایفون

    even though sites we backlink to underneath are considerably not related to ours, we truly feel they are in fact actually worth a go by way of, so have a seem

  9. Burberry parfum commented on Sep 23

    Burberry parfum

    […]that would be the end of this write-up. Right here you’ll obtain some web pages that we assume you’ll enjoy, just click the hyperlinks over[…]

  10. 메이저놀이터 commented on Sep 25

    … [Trackback]

    […] Find More here on that Topic: thereformedbroker.com/2010/11/30/busytown/ […]

  11. Functional testing commented on Dec 20

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2010/11/30/busytown/ […]

  12. DevSecOps commented on Jan 17

    … [Trackback]

    […] Here you will find 87791 additional Info to that Topic: thereformedbroker.com/2010/11/30/busytown/ […]

  13. fish spatula yourfishguide.com commented on Jan 31

    … [Trackback]

    […] Read More Information here to that Topic: thereformedbroker.com/2010/11/30/busytown/ […]