Trial By Fire: Are Corporate Profits About To Plunge?

I dare say earnings reports from retailers will be among the most important macro events in the new week. Last week's losses for US shares were brought to you in part by guidedowns from Walmart and Target, along with a handful of similarly dour reports from Ross and Kohl's, among others. The market will hear from department stores, dollar stores and discount stores this week, as well as big names like Gap and Ulta. Generally speaking, I'd expect to hear more of the same. Consumers are pivoting