Early Morning with Dave

Early Morning with Dave

Walmart Utters the D-word

Retailer outlooks confirm broad disinflationary momentum

David Rosenberg's avatar
David Rosenberg
Nov 17, 2023
∙ Paid

Highlights

• Retailer outlooks confirm broad disinflationary momentum

• The pace of disinflation since the June 2022 peak signals a demand recession in progress

• Corporates have moved from cutting hours to cutting jobs

• Home sales in the gutter as multifamily construction starts to sag

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