On Retail, Crypto & S&P 500 Earnings

The holiday selling season is off to a merry start for retailers. By most accounts, consumers gobbled up the post-Thanksgiving sales last weekend with more gusto than last year. … Also: Does the recent downdraft in the price of bitcoin suggest another cyrpto winter? Jackie parses the issues that bitcoin investors are wrestling with at this juncture, including two big headwinds and one helpful tailwind, courtesy of Uncle Sam. … And: Joe’s analysis suggests that 2026 may be a rare year in which analysts’ estimates for S&P 500 companies aren’t whittled down as the months pass.