Weekly Market Recap – December 8, 2025

The holiday season is off to a very merry start. The five-day period from Thanksgiving to Cyber Monday raked in a record $44.2bn, up 8% y/y and above expectations. Consumers are on track to spend $250bn for the first time ever this holiday season, yet they couldn’t feel worse. November consumer sentiment came in 40% below average and down 26% from last year.