Inflation in goods is over; the consumer is making choices, and those choices tend to be toward services and experiences, notes Jan Rogers Kniffen. He discusses Black Friday. He talks about how we’ll see minimal top line growth in discretionary. He highlights that big, well capitalized retailers who can deal with the high interest rates and who can afford to invest in labor saving automation will win in these conditions. He mentions stocks Boot Barn (BOOT), Macy’s (M), and Kohl’s (KSS). Tune in to find out more about the stock market today.