JPM's Bruce Kasman: The U.S. Consumer Is 'OK'

The transcript discusses consumer spending trends, highlighting a 3% spending growth and the resilience of the consumer market. It examines the balance between ecommerce and bricks-and-mortar retail, noting the increasing significance of online sales. The discussion also covers consumer behavior patterns, emphasizing seasonal fluctuations and the impact of economic policies. Overall, the consumer market is seen as cautious but stable, with a positive outlook for future growth.

What patterns in consumer behavior does the speaker mention regarding the turn of the year?

What does the speaker imply about the relationship between ecommerce and traditional retail?