Eddie Yoon and Sam Burns look at Consumer Sentiment’s November report, which rose numerically but fell short of Street expectations. They both think sentiment is being driven by the election in the near-term. Eddie thinks holiday spending might switch more towards experiences than physical gifts and is wary of Target’s (TGT) earnings miss and the disparity between low-skill labor demand and high-skill layoffs. Sam agrees about the shift in spending areas, but thinks the consumer is in good shape.