Walmart Warning Hits Retail and Markets | Open Interest 8/20/2026

Name: Walmart Warning Hits Retail and Markets | Open Interest 8/20/2026
Uploaded: 2026-08-20T17:35:19+00:00
Duration: 5218 s

Смотреть на YouTube ↗ | 20 августа 2026, 17:35 | 1:26:58 | Bloomberg Markets

Спикеры

Greg Melich — Старший управляющий директор, Evercore ISI

Lori Heinel — Главный экономист по США, UBS

Kara Murphy — Директор по инвестициям, Kestra Investment Management

Ira Jersey — Главный стратег по процентным ставкам США, Bloomberg Intelligence

Mandeep Singh — Старший аналитик, Bloomberg Intelligence

Neil Campling — Аналитик в сфере технологий/TMT

Analyst — Analyst

The video covers a range of market-moving stories, including Walmart's disappointing earnings which sent a warning signal about the health of the lower-end consumer. Meanwhile, the bond market continues to grapple with massive supply and a lack of long-end buyers, causing yields to drift higher despite recent Treasury buyback announcements. Discussions also highlight the evolving AI landscape, with Meta heavily utilizing Microsoft's cloud and investors looking toward downstream AI beneficiaries. - Walmart shares drop significantly following a rare sales miss and cautious consumer commentary. - Treasury yields resume their climb as the market digests the limited impact of recent buyback announcements. - Gold remains supported by central bank buying and concerns over US dollar debasement. - Meta emerges as a major customer of Microsoft's Azure cloud for AI model benchmarking and compute. - Investors are shifting focus toward downstream AI beneficiaries like power generation and industrials. - The US housing market faces ongoing affordability challenges due to high mortgage rates and lack of inventory.

Идеи

Ira Jersey Главный стратег по процентным ставкам США, Bloomberg Intelligence 9:38

Massive supply outpaces demand for long-end Treasuries.

There is a buyer's strike on US debt, and there are not enough liability-driven investors on the long end of the curve to absorb the massive ongoing supply from the Treasury, meaning yields will likely stay pressured higher.

Lori Heinel Главный экономист по США, UBS 18:20

Central bank demand and debasement support gold.

Gold has higher to go driven by central banks pivoting into the metal, natural consumer demand for jewelry, and the ongoing overhang of US dollar debasement.

Lori Heinel Главный экономист по США, UBS 26:10

High mortgage rates remain a significant impediment.

The real estate sector remains vulnerable and should be approached with caution because elevated mortgage rates continue to act as a real impediment to the sector's performance.

Lori Heinel Главный экономист по США, UBS 26:38

Resilient economic growth makes US equities attractive.

US equities remain the most attractive house on the block due to resilient US economic growth outpacing the rest of the world and strong thematic growth engines, despite some valuation concerns.

Lori Heinel Главный экономист по США, UBS 28:11

Emerging markets offer better growth and AI.

Emerging markets offer a good trade-off and are preferred over other developed markets like Europe, which are more vulnerable to Gulf geopolitical risks, with some EM markets highly geared to the AI complex.

Greg Melich Старший управляющий директор, Evercore ISI 33:16

Advertising growth supports Walmart's price investments.

Walmart is using rebate money to invest in price reductions and reaccelerate traffic. Its new businesses, like advertising, are growing at 20% to 40%, providing the profit growth needed to support these price investments, positioning the stock to find a nice bottom despite a slower consumer environment.

Kara Murphy Директор по инвестициям, Kestra Investment Management 52:53

Downstream AI applications offer next growth phase.

AI is maturing into a full-fledged business technology, and the market is healthily turning its gaze toward downstream applications like power generation, industrials, and storage that will become more efficient and innovative.

Mandeep Singh Старший аналитик, Bloomberg Intelligence 78:38

Massive scale raises questions about sustaining growth.

Nvidia's numbers are getting so massive that it raises questions about sustaining that growth pace, especially as they enter the financing business to support their ecosystem, though they continue to execute well.