Retail Earnings versus the Inverted Yield Curve (Plus Overstock and Tesla): August 2019
Update: 2019-08-30
Description
The Rangeley Team discusses a seeming paradox: the financial press, stock market, and (inverted) yield curve all seem to be signalling imminent recession, but all of the large retailers are reporting strong earnings (lead by Target, with their stock up ~25% this month) and continued consumer strength. Why the divergence?
Then, continuing on the retail theme, the team discusses the ongoing craziness at Overstock and Tesla.
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