Not looking too good as Home Depot’s sales down by more than expected:
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Consumers are demanding higher pay and lower prices. The US retooling will meet those demands.
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Lower interest rates and increased new housing starts should make for recovery one of these days. Patient investors might want to acquire shares at the bottom if they can spot one. Earnings dips likely for the next few quarters. Too soon to buy now.
How long will recovery take to show up in earnings? Maybe next summer. At least 6 mo from the rate cuts.
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