JUST IN: Walmart, $WMT, falls 8% as CFO says October trends have made them "pause and rethink the health of the consumer."

More specifically, Walmart said they saw a sharp falloff in sales during the last 2 weeks of October.

Management said there is still strain on the consumer… pic.twitter.com/hYdbA2VF8X

— The Kobeissi Letter (@KobeissiLetter) November 16, 2023

…More specifically, Walmart said they saw a sharp falloff in sales during the last 2 weeks of October.

Management said there is still strain on the consumer and they are more cautious than they were 3 months ago.

Even as the rate of inflation falls toward 3%, we are still seeing INFLATION.

Prices are building on multiple years of already high inflation.

Retail remains a key indicator of the economy.