'Walmart Worries' just keep multiplying. It's currently close to the highest level ever recorded which was during the Great Financial Crisis of 2008-09.
We will ... be able to hear a pin drop on Street trading desks as the entire global market will be carefully watching these results and commentary. We fully expect the leading supplier of AI chips will comfortably exceed estimates and guide above Street given continued positive data points through 4Q as well as seemingly healthy spending set up through 2026.
Over time, markets get ahead of themselves. Excitement over AI, green energy, or whatever the next big thing is tends to push stock valuations far beyond what fundamentals justify. Accordingly, more often than not, a correction can be the catalyst that brings valuation discipline back into the discussion. Think of it as the market taking a deep breath.
Although De Noire is based in Europe, she believes that economic upheaval in the United States "triggers huge uncertainty" across the pond because of America's global influence. De Noire first noticed a decline in business right after Donald Trump was elected in November 2024, as Americans and the rest of the world anticipated upheaval. "I didn't even bother working South by Southwest because the first Friday night I attempted to work, I walked into a completely empty club and didn't make any money at all,"
With three consecutive double-digit return years in the market, many younger investors don't really know much else other than "market go up." Of course, for older investors who have lived through the GFC, dot-com bubble, or previous downturns in the 1990s or 1980s, it's not a straight line higher. And in fact, the longer of a stretch we go with valuation multiples expanding and the economy booming,
