Walmart reported today that earnings were down missing expectations. As a result, Walmart stock was down over 2%. Walmart claims that the fall in earnings was due to poor weather across most of the country. Is that true? Or is it that the economy is starting to slow? If earnings recover in the next quarter, then it was the weather. If earning don't recover, then the economy is starting to slow (which is what I think is happening). If that's the case, hold on because it could get ugly. There is an economic storm coming. Could this be a warning? Time will tell.
What do you think?
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