Walmart and Target are about to reveal the health of the U.S. consumer

Second-quarter earnings so far are described as potentially among the strongest on record, but the upside appears uneven because retailers and hotels have not been major contributors to the earnings “blowout.” Overall, the article suggests a strong aggregate tape with weaker participation from consumer-facing sectors, limiting broad confidence in the strength.

Analysis

Second-quarter earnings so far are described as potentially among the strongest on record, but the upside appears uneven because retailers and hotels have not been major contributors to the earnings “blowout.” Overall, the article suggests a strong aggregate tape with weaker participation from consumer-facing sectors, limiting broad confidence in the strength.