Re-Tail Wags The Dog

2022.07.26 11:18

After Walmart (NYSE:WMT) issued a surprise profit warning following the close of the regular Monday session, the stock went into a free-fall, wiping out about 10% of this mega-retailer.

Walmart Stock Chart

I don’t think I’ve ever traded WMT in my life, but I am pleased to say that I do own puts on other retailers, which are Amazon (NASDAQ:AMZN)……….

Amazon Chart

………and Costco (NASDAQ:COST)……….

Costco Chart

I am COMPLETELY distrustful of this swine of a manipulated “market”, so I’m still in 30% cash and a puny 27 bearish positions. Once that traitor to the human race named Jerome Powell does his ridiculous bout of lying on Wednesday afternoon, I’ll probably feel more comfortable getting more short.

Source