Morning Note | Aug 16, 2022
Good Morning!
Stocks opened mixed after retail reports from Walmart and Home Depot. Walmart last cut its profit outlook guidance on July 25th and noted consumer wallet pressure. They stuck with that outlook today which is sending the stock up 5%. The 10-yr yield is rising again and is now at 2.86%. Oil broke through $90 for the first time since Janua…
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