This chapter delves into the impact of retail sales data on Home Depot and the macro economy. It explores changes in consumer spending patterns, the concept of the 'lipstick effect', increasing household debt, and the decline in savings rate.
Michael Burry, the investor featured in “The Big Short,” made a major bet against market indexes. Are investors due for a sequel of the Great Financial Crisis? (00:13) Ricky Mulvey and Asit Sharma discuss:
- A sales slowdown The Home Depot.
- Why the home retailer has “an incredibly high” return on invested capital.
- Credit downgrades for regional banks.
- Michael Burry’s bearish option bet against the S&P 500 and NASDAQ, worth $1.6 billion in notional value.
Companies discussed: HD, MTB Host: Ricky Mulvey
Guest: Asit Sharma Engineer: Tim Sparks
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