At least 26 stores have closed in downtown San Francisco since 2020.
And now, Nordstrom is officially closing its flagship luxury store at 901 Market Street after being besieged by crime induced by Democrat-inflicted policies.
Jamie Nordstrom, Chief Stores Officer, states: “We’ve spent more than 35 years serving customers in downtown San Francisco, building relationships with them and investing in the local community, but as many of you know, the dynamics of the downturn San Francisco market have changed dramatically over the past several years, impacting customer foot traffic to our stores and our ability to operate successfully.”
Following the rise of violent crimes since the pandemic (including a 94-year-old grandmother of Chinese descent who was walking with a cane and then got stabbed in front of her apartment building)… San Francisco’s predominantly democratic officials and board of supervisors have ignored calls to increase police staffing.
In other words, you can’t blame folks who say Democrats have employed crime and squalor. Anyway, if you have any money invested in the retail store-chain sector…
One of the biggest things you need to look out for in the coming months is earnings results from retailers traditionally dependent on “foot traffic.” Why?
Because foot traffic will deplete anywhere folks don’t feel safe!
And right now, America doesn’t feel as safe as it did ten years ago.
Unsurprisingly, folks are switching to an online focus — especially as Amazon continues to show impressive results. And I won’t be surprised if Primark — a leading fashion retailer stuck with brick-and-mortar for years — eventually goes online in 2024.
Sure, you can mourn what’s happening and ask, “How did we get here?”
Or, you can join the few who refuse to be stuck in the past and make a fortune for your family, regardless of the rising crime rates, poop policies, and business climate.
Here are some profitable 24-hour setups from our August Report Card that you could’ve ridden with as little as $42, $128, $260, and, in one case, up to $2,520.
- 8/14/23 —> $1,200 —> Nasdaq
- 8/14/23 —> $840 —> Gold
- 8/15//23 —> $6,760 —> Nasdaq
- 8/15/23 —> $960 —> Nasdaq
- 8/15/23 —-> $1,970 —> Crude oil
- 8/15/23 —> $1,080 —> Gold
- 8/15/23 —> $450 —> Gold
- 8/15/23 —-> $1,780 —> Nasdaq
- 8/16/23 — > $2,087 —> S&P 500
- 8/18/23 —-> $635 —> Nasdaq 100
- 8/18/23 —-> $735 —> Nasdaq 100
- 8/18/23 —-> $1,080 —> Nasdaq 100
- 8/18/23 —-> $1,185 —-> Nasdaq 100
- 8/18/23 —-> $1,390 —-> Nasdaq 100
- 8/18/23 —-> $1,470 —-> Nasdaq 100
- TOTAL —-> $23,622 —-> equities + commodities
We took three small losses a few hours before the unemployment report was released last week.
But as you can see, we’ve gotten pretty good at minimizing our losses (which shows we’ve learned something from dumb mistakes over the last thirteen years).
