The People’s Union USA’s ‘Economic Blackout’ Organizer Served Jail Time on Sex Charge
Published On Feb 28, 2025, 2:33 PM
A grassroots movement called the People's Union USA, led by John Schwarz, has gained traction as it calls for a nationwide 24-hour shopping boycott against big-box stores. This initiative is part of a protest to raise awareness about economic issues, with support from notable celebrities. However, Schwarz has a controversial past, having previously served time for disseminating voyeuristic material, which complicates his leadership role in this activist movement.
Stock Forecasts
WMT
Negative
The organization behind the shopping boycott could negatively impact retail stocks, particularly those of large companies like Walmart (WMT) and Target (TGT) due to potential decreases in consumer spending during the boycott. Such events can lead to short-term declines in stock prices as the market reacts to reduced sales figures.
IWM
Positive
The increased focus on supporting small businesses may create a temporary positive for local businesses and related sectors, possibly benefiting ETFs that focus on small-cap stocks or community-focused investments.
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