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Walmart and Home Depot Just Put a Nail In the Bear Market

·3-min read

When Walmart (NYSE: WMT) cut its guidance three weeks ago, it sent shudders through the market. More than any other company, Walmart has its finger on the pulse of the economy, and in addition to being the biggest retailer in the world, it's also the world's biggest private employer, giving it outsize influence over the labor market as well. Now, just three weeks later, Walmart is painting a much different picture.