#数字资产市场动态 U.S. November retail sales data just released, with a 0.6% increase, exceeding market expectations. This number may seem small, but the story behind it is quite interesting.

Initially, everyone was worried that a government shutdown would cool down consumer enthusiasm. But what happened? Quite the opposite. Big-ticket items like cars, clothing, and building materials all surged, and Black Friday's excitement didn't fade away; instead, it spread throughout the holiday season. Online consumption was even more impressive—hitting a new all-time high.

What is the logic behind this? A deeper look reveals:

**The wealthy are "buying, buying, buying"** While low-income groups are still worried about job stability and rising prices, high-income families have already activated their consumption mode, effectively supporting the consumption pillar.

**The discount intensity is too strong** Retailers started discount wars early, and consumers took advantage to "grab deals," even activating buy-now-pay-later tools. Who can resist cheap prices?

**Back pay for wages stimulates consumption** After the government shutdown, federal employees received back pay, which directly turned into purchasing power. Although the scale isn't huge, the timing is perfect.

Consumption accounts for nearly 70% of the US economy, and as this fundamental remains stable, economic growth toward the end of the year is assured. While inflation is still under watch, the wave of price shocks from tariffs has already peaked, and market resilience is once again evident. For risk assets like $ETH, these positive signals are enough to improve expectations.