Visa Visits New Highs
This holiday season, the talk of the town is the U.S. (and global) consumer. After all, consumer spending is two-thirds of the U.S. economy, so if we stop spending, the economy’s illusive recession could finally appear. 🎃
While many retailers have painted a cautious picture of the fourth quarter of 2023 and the beginning of 2024, some investors point to what they say is an obvious sign of strength. That is, Visa and Mastercard near all-time highs. 👀