Target down -23% in premarket – lookout below

Sharing is Caring!

View post on imgur.com

dismal guidance from Target – which warned that inflation was crushing margins – confirmed what Walmart said yesterday, namely that the US consumer is running on fumes. An 11% plunge in the latest weekly mortgage applications only reaffirmed that a hard-landing is inevitable and just a matter of time.

www.zerohedge.com/markets/futures-slide-after-dismal-target-earnings-plunging-mortgage-apps

h/t CharlieFoxtrot

Help Support Independent Media, Please Donate or Subscribe:
See also  European Debt Crisis Unfolding on Target
Trending:
See also  Bitcoin below $20k!

Views: 131

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.