May 18, 2022

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

The Bullish Myth

Please click here for a chart of Target (TGT).

Note the following:

• The Morning Capsule is about the big picture and not about individual stocks.  The chart of TGT is being used to illustrate the larger point.
• Until now, the bullish case for stocks has been that non-working class consumers were not pushing back against higher prices.
• Target earnings show that the bullish case is a myth.  The myth is now busted.
• TGT attracts more affluent customers relative to Walmart (WMT).