Economics

editor https://lowercase.cards/ prev: everyname (acq. Q4 '23)

For work, I’ve had to closely watch the state of economy and how that relates to small business. I disagree with this sentiment, but I’ll sit on it and give it more thought

Stock market is down after Walmart reported earnings. Specifically on their lower outlook for this quarter. Quote from the CNBC article

“If Walmart is giving bad guidance, you should be paying attention to it,” said Tom Fitzpatrick, managing director at R.J. O’Brien and Associates. “Perhaps this is suggesting that the general consumer is tapped out.”

Still confirms to me that a mild recession is coming (or here already), but will have to see more economic data come in

Stock market is down after Walmart reported earnings. Specifically on their lower outlook for this quarter. Quote from the CNBC article

“If Walmart is giving bad guidance, you should be paying attention to it,” said Tom Fitzpatrick, managing director at R.J. O’Brien and Associates. “Perhaps this is suggesting that the general consumer is tapped out.”

Still confirms to me that a mild recession is coming (or here already), but will have to see more economic data come in
https://www.cnbc.com/2025/02/19/stock-market-today-live-updates.html

One point to consider - seems like their guidance has erred on side of caution and underpromised/overdelivered

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One point to consider - seems like their guidance has erred on side of caution and underpromised/overdelivered

https://sherwood.news/markets/why-walmarts-lackluster-guidance-may-not-be-that-scary/

That’s true, but that also means that you’re looking at the direction of the revision. Revising down is horrid, no change can often be bad, and upward revision is good (usually)