4min chapter

Wall Street Unplugged - What's Really Moving These Markets cover image

Retail is hurting—except one group

Wall Street Unplugged - What's Really Moving These Markets

CHAPTER

Is There a Recession Coming?

Target is down 15%. If you're a long-term holder in Target, it's basically trading back to the lows where it was in May or June. Eaton reported record earnings. I've seen a lot of companies report record earnings. They look, yes, we're worried about the customer going forward. Even Walmart CFO went on an interview and CBC said the same thing. People are spending less. We're seeing more household debt,. 19% high since 1980? Just came out yesterday from New York Fed that home prices might not actually be coming down as expected.

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