Debt Ceiling Debate, Homebuilders & The AI Race
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The TJ Maxx Stock Trade Down
Retail is probably one of the latter things that actually breaks down, but I think it's running up against its own sort of resistance. Durable goods just as a macro lesson for everybody. When you see durable goods start to relax and turn the other direction, that's usually a leading indicator of slowdown in regular spending. TJ Maxx had a good quarter and I think it speaks to, okay, the trade down a little bit there. But that's worth noticing.
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