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No one has better data than Walmart and the CFO is just out saying that consumer spending has been ‘largely consistent’.
I wouldn’t take it as gospel because Target threw up some red flags in earnings and Lululemon did today as well but I certainly wouldn’t bet against WMT.
This article was written by Adam Button at www.forexlive.com.
Things are happening quickly on the China front and the US is sending its top-three trade officials in a push to move things along.
Trump announces:
I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, will be meeting in London on Monday, June 9, 2025, with Representatives of China, with reference to the Trade Deal. The meeting should go very well. Thank you for your attention to this matter!
That’s a good sign and US stocks are back near the highs of the day.
This article was written by Adam Button at www.forexlive.com.
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