[Music] It is walmart volume 2 and some in a big Way walmart got hammered yesterday Target showing walmart what a real Hammering is all about top margin Pressure it's here right now they employ A lot of people and as people have a Tighter labor market and yet if people Are spending less the question is can Really companies pass long price now you Add significant price increases for Goods really shouldn't be so surprising That consumers aren't particularly Thrilled with that it could be a Situation where the consumer's saying no More inflation i'm not going to pay the Higher prices how much is this a Precursor to trying to test consumer Demand pushback you're seeing the Earnings misses are starting to come in Their ability to spend on things besides Those true staples has been diminished And we're looking for that to be a big Part of the slowdown in consumer Spending this year they did their best By flooding the system with money back At the start of the pandemic and since Then They're literally it's why in the end We'll get a recession because this is Too hard maybe it was a magnitude of the Higher costs or a sum of moving parts But let's remember the stock is Absolutely moonshot through the pandemic
It's down now big and just making those Lows [Music] You
