US Personal Spending Remains Strong âšī¸
Personal spending in the US rose 0.4% in November 2024, extending the previous month's increase, with stronger spending on goods offsetting a slowdown in services.
The article indicates that personal spending in the US increased moderately in November 2024, which is a neutral development for the given investment portfolio. The portfolio has exposure to both goods-oriented sectors (e.g., S&P 500, European markets, Apple, Microsoft) and services-oriented sectors (e.g., Costco, Walmart, Meta), so the mixed performance of goods and services spending is unlikely to have a significant impact on the overall portfolio performance.