12/16/2025 7:23 AM CST Pre Market Open
There are proxy stocks which say more about what the economy than just themselves. Costco is a good example.The parking lots are full, the aisles crowded, lines at the gas pumps.
Between quarters ending May and August this year EPS jumped from 4.29 to 5.88, a healthy 37% jump. So why is is COST cratering?
It topped in March, fell with Trump's tariffs, then rallied with the market from April, double topping by June, and is now below Liberation Day washout. Walmart WMT on the other hand just hit a new high. Target TGT is recovering.
Amazon - one would think the ultimate retailer would be doing great in Christmas season but...
A big gap up at the end of October and bang that was it, down 1.6% yesterday.
Crude Oil
The media thinks low oil prices are great for the economy. In fact low oil prices represent a fall in demand for energy, which is not good for the economy.
Look like WTIC is about to take out the 55 'support' level. Energy bullish percent index fell 13% yesterday. Energy is another proxy sector.
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