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Visa U.S. Spending Momentum Index (SMI) Rises To 111.9 In November – $V

By John F. Heerdink, Jr.

Reportedly, Visa Inc. (V)  announced the U.S. Spending Momentum Index (SMI) of 111.9 in November adjusted seasonally, an increase from 1.3 points in October, marking the second consecutive month of acceleration in consumer spending momentum. The SMI’s further increase above 100 shows that even more consumers are spending more than they did a year ago. The Visa SMI is an economic indicator showing the strength of consumer health spending. A Visa SMI above 100, shows strong consumer spending momentum, and below 100 depicts weakened consumer spending.

“This month’s SMI reading once again reinforces the narrative that consumer spending remains robust to round out this year. It appears that consumers are looking past the high inflation readings in recent months at least for the time being,” stated Wayne Best, Visa’s Chief Economist. 
 

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Its mission is to connect the world through the most innovative, reliable, and secure payment network – enabling individuals, businesses, and economies to thrive.  Their advanced global processing network, VisaNet, provides secure and reliable payments around the world and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying its brand, products, people, network, and scale to reshape the future of commerce. To learn more about Visa (V) and to track its ongoing progress please visit the Vista Partners Visa (V) Coverage Page.)


Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Visa U.S. Spending Momentum Index Rises Again in November in Business Wire)


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