Walmart Surges After Beating Expectations, Boosts Forecast, Unveils New $20BN Buyback
Headline this morning:
Walmart Surges After Beating Expectations, Boosts Forecast, Unveils New $20BN Buyback
Good for Wal-Mart, its employees and shareholders. Walmart is huge but is only one of many retailers. Let’s see how the other earnings reports come in for Q3 over the next two weeks. Even more critical for the economy, let’s see Q4 earnings. If they are good, the US may avoid a deep recession and the Federal Reserve will have more latitude in fiscal policy. It would be good for the long term health of the economy if the Fed can let interest rates adjust to market forces instead of being held artificially low.