XJO - Bear Posts only (Factors which might cause the markets to fall), page-13910

Interesting. Traditionally stores used Boxing Day to clear Xmas stock, and also to boost revenue figures (the reason for most sales).. Could be one of 4 things

• Is there another Covid outbreak? (one of the pedestrians in the video mentioned it?)
• IS this Black Friday sale a thing now in the UK, so maybe that usurps Boxing Day sales?
• Or as you intimate, retail figurs are so poor they just dont think its worth paying staff triple time on a public holiday?
• Or have peeps become so used to getting a post Xmas day bargain, they delay their Xmas shopping to wait for cheaper sales, and then have Xmas a little late? (quite few people actually do this - obviously not religious ) If thats a big enough thing, then Xmas isnt as profitable for shops anymore?

Either way, its not the sign of a bull demand economy. London extremely expensive to live in. UK next to slide into recession. (yeah Ive been saying it for a while)

https://www.news.com.au/world/publi...-sales/video/3009254dffe3aa33aa3a3b8ae4286b79

Also , no taxes in Saudi Ar. The state pays for everything so they need those oil revenues.