4 Bloomberg: A wrinkle: This #WalmartRecessionSignal tends to move in line with the #yield premium on #junkbonds over Treasuries— if a #recession is coming, bond investors will demand a higher interest rate from risky companies relative to the safety of government debt. 🧵

1 Bloomberg: With exuberance everywhere on #WallStreet, it’s interesting to look at contrarian indicators and what they say about the 5market.
One of those is something veteran strategist Jim Paulsen calls the “ #WalmartRecessionSignal” — it’s #Walmart share price divided by a luxury index.
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