Thanksgiving Normalcy 🦃

Thanksgiving Normalcy

Thanksgiving is a very special holiday in the United States, marking the beginning of holiday season and getting together with families. Last year, Thanksgiving was far from normal with the COVID-19 pandemic, but things are coming together for a massive celebration today, and there are promising things that signal this.

First, we are seeing a great number of travellers this year. In 2019, 55.3 million Americans travelled for Thanksgiving, and this number cratered to 50.6 million in 2020, with many opting out of travel due to the pandemic. This number is back to pre-pandemic levels, with approximately 53.4 million travellers this year, and airports are full of passengers ready to board flights. This is helping businesses all over the country, and airports too, giving the economy a boost, it missed last year.

Second, shopping is starting to make its way back. An estimated 158.3 million people plan to shop this Thanksgiving weekend, an increase of 2 million from last year, although we are still far from pre-pandemic levels. Small businesses look to reap in more money from shoppers going by. Retail companies have said that there is enough stock to prevent shortages, but I fully expect there to be shortages, especially on Black Friday.

Finally, it looks like Macy’s has hopped onto the crypto train. Every Thanksgiving Day, Macy’s holds their Thanksgiving Parade in New York City, where people are dressed in costumes and ride vibrant, specially designed vehicles through the streets, with balloons and blimps following. Macy’s announced that they would release NFTs designed after 10 of their Parade Day balloons, joining the NFT craze along with many other companies. After all, there is no other time to turn an old tradition into a new one than the year of 2021, right? Are you excited for Thanksgiving this year?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
OPEC’s Decision 🛢
1 December, 2023

OPEC leaders just hosted an important late-November meeting that may signal a change in strategy.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.