Walmart (Again)Telling Us Things Are Bad

Walmart reported its numbers for the Q2. This is starting to be a trend. The main issue is that consumers are spending more on their basics, meaning things like consumer electronics, clothing and furniture are not being purchased. We see the inventory levels adding up necessitating aggressive discounting on the price.

In this video we discuss how this is all part of a larger picture that is forming. For this reason, we have to be cautious with the economic outlook.