Really
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“We’re ready for back to college,” the Target CEO said. “We’re ready for the holiday season, which I think is going to be big across America... And so I’m betting that we’re going to have a big back to school season in America and back to college will be big, and adults will be having parties for Halloween and kids will be trick-or-treating.”
https://finance.yahoo.com/m/aa8ab7ac-214f-3983-a510-555077aef83a/stock-market-is-not-fully.html
Stock market is not fully pricing in a looming recession, warns Morgan Stanley’s Mike Wilson
People might be having more parties and holiday celebrations this fall than in the last two years but I doubt that they will be buying as much stuff. Everything just costs too much.