Christmas spending is eclipsed by Black Friday
Black Friday
is a part of Christmas spending. That's the underlying point of Black Friday, to buy Christmas gifts.
;)
Why would one expect Google to take any holidays into account at all?
That's a fair question. Presumably the algorithm should make it better for users to find what they are looking for. So that would be a win for ecommerce sites. I suspect that's what should happen for most businesses, that better and more relevant traffic will be the net result of an update.
That's what's supposed to happen, at least.
However, for those of us with long memories, there have been updates in the past, including Update Florida, that were catastrophic for many businesses as it took months for Google to iron out the bugs and return relevant sites to where they belonged in the SERPs.