Like most equities, Nordstrom (JWN) has had a very strong run since stocks bottomed on August 15th. In that short span of time, it has ascended nearly 40%.
Waiting for Nordstrom
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Retail Wrecked
I’ve been bearish on retail for months, as you know, particularly by focusing on XRT. Today we’re finally starting to see that the gluttonous American consumer is finally running out of steam, as witnessed by the plunge of Macy’s………
Shop ‘Til You Drop
As the SlopeCharts of credit card debt clearly shows, the gluttonous appetite for mass-produced garbage is almost limitless in America. Any chastening from the financial crisis is a distant memory at this point.
Full Circle
I think I’ve made my point with these two: retail is, shall we say, having a downturn, not like that which accompanied the financial crisis. I’d say that’s telling.
Something I Slipped On
Good morning, everyone. Nice to have you back.
I noticed with interest this morning that the top three decliners in pre-hours trading were all retailers (women’s retailers, if I’m not mistaken):
Retail Wrecks
One by one, retailers are blowing up. Don’t believe Kudlow or Mnuchin. They’re liars. The economy is heading into a cataclysmic recession.
Pier-less
I don’t think there’s been any stock in Slope’s history that’s received more abuse than Pier One, and with good reason. For the past couple of years, I have been contending it’s going to ape is collapse from the financial crisis. Well, this morning’s 25% drop helps.
