Target just sent up a giant red flag about the U.S. consumer
High-income U.S. consumers are pulling back. Mortgage applications are down, Walmart’s (WMT) reporting grocery gains from monied households suddenly keen for deals on eggs and bananas – and now Target joins a growing list of beloved brands waving the yellow flag that a recession may be coming. Read more...
High-income U.S. consumers are pulling back. Mortgage applications are down, Walmart’s (WMT) reporting grocery gains from monied households suddenly keen for deals on eggs and bananas – and now Target joins a growing list of beloved brands waving the yellow flag that a recession may be coming.
