Walmart Deep Dive Analysis: Hold $WMT to play defense vs upcoming US recession
era of free money and record-low interest rates has come to a sudden end,, in particular, have been especially aggressive this year with some significantlack of clarity from the Federal Reserve,
which seems to be continually changing direction and decisions. Last week remains the perfect example when moving from an expected 50 basis point hike for June and July meetings to a knee-jerk reaction and a leaked. Financial markets thrive on certainty. This uncertainty is causing investors valuation headaches, and the resulting volatility in asset prices is unsurprising. . Without a recession, that bear market still lasts about a year, but the decline is nearer to 30%.
, definitely not transitory then! In financial markets perception is reality or rather it leads to reality. If consumers perceive inflation to remain high then they adjust their spending patterns early in order to try and buffet themselves from future effects. This means sentiment falls and spending is then pulled back. lower valuations and lower profits, a bearish combinationgoing back to the 1980s.
More pain is likely for the broader market which will impact our price target assumptions for Walmart.that shocked Wall Street on May 17. It was not so much the earnings themselves but the commentary and forecasts. Revenue beat analysts' forecasts, $141.6 billion versus $138.1 billion in consensus.
. In particular, the commentary around consumers moving away from big-ticket purchases in the face of rising inflation. We feel the
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