Mario Tama/Getty Images News JPMorgan estimates consumers still have roughly $1 trillion in excess savings from the pandemic. Indeed, recent US Retail Sales reports have been strong, though holiday spending verified a tad light compared to estimates (+3.1% as reported by Mastercard SpendingPulse vs the +3% to +4% National Retail Federation forecast). What’s more, data out of China has been soft lately, a headwind to large multinational consumer companies with significant presence in that region.  Amid t ...