The consumer is fine despite Black Friday sales -investor

The holiday season kicked off just as the new Omicron coronavirus variant triggered uncertainty over the economic reopening, but experts say it is too early to predict the impact on consumer spending.

On Black Friday, the day after Thanksgiving, U.S. shoppers spent roughly $8.9 billion online, down from $9 billion a year earlier, according to the latest Adobe figures, making it the first year-over-year decline in internet history.

Bahnsen pointed to the growth in brick-and-mortar sales as sign there's no reason to worry about the consumer.