We're off to a rocky start.
Major indices are pushing lower today after wary comments from Walmart Inc.'s (NYSE: WMT) CFO and weak data from Home Depot Inc. (NYSE: HD).
"The consumer is still very pressured, and if you look at economic indicators, balance sheets are running thinner and savings rates are declining relative to previous periods. And so that's why we take a pretty cautious outlook on the rest of the year."
Walmart CFO John Rainey
Here are the details.
We're still in the midst of earnings season, and investors are trying to decode economic strength. Bearish signals from two major retailers act as a significant clue.
Home Depot also announced $1 billion to increase wages for hourly workers. A reflection of higher prices and a demanding labor market.
It's not the end of the world, our niche still offers opportunities regardless of market direction.
But it's good to make note of market sentiment. Here's a chart of the S & P 500 ETF Trust (NYSE: SPY) …
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