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Dept. of Commerce looks at what we need to live (housing, clothing, food, utilities, transportation), next is purchase of high dollar items (washer, dryer, fridge, car) and everything beyond that is generally labeled as descretionary(think Christmas buying season). Certain descretionaries are insulated from the market as the cliental are awash in descretionary cash. Then there are the rest of us. We budget for the necessaries and when we feel a little flush, we buy our frivals. The Dept. of Commerce tries to tell us what the tea leaves say by reporting monthly on our buying habits, energy costs, manufacturing investment all adjusted seasonally. All of this the Stock Market uses to predict the market. Some are better predicters than others as evidenced by the DotCom Boom/Bust. The best predictors got out in 2000 and into other investments, cash, bonds, spoiling their grandchildren. The worst predictors hung on to the bitter end, left and may never come back. You purchase as grouped with the rest of us has it's own effect on the tea leaves.
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