Home Depot's Ted Decker Talks Wage Increases, Lumber Costs, and the Economy

Home Depot disappointed investors with its earnings last week./nSales were relatively flat, missing Wall Street estimates and the company also forecasted a drop in profits for 2023./nThe company cited a few reasons for this miss, including lumber costs, wage increases, and the economy./nShares of Home Depot fell 7% after the call and ended that day with one of the biggest declines out of all of the S&P 500 stocks./nScott, what are your thoughts here?/nScott believes that Home Depot's poor performance is good news for the world as it means that luck is almost perfectly symmetrical, meaning that if you have great luck around investment, that means you're due for bad luck and you should pull in your horns when you have bad luck. He also likes that frontline workers are getting a raise, and believes that this is overdue.