August 20, 2026

By Nigam Arora

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

Weakening Consumer

Please click here for a chart of Walmart stock (WMT).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of WMT stock is being used to illustrate the point.  Walmart is the largest U.S. retailer, and thus its earnings provide an important data point about the consumer.  The consumer is important because the U.S. economy is about 70% consumer based.
• The chart shows WMT stock has fallen into zone 1 (support) after earnings.
• RSI on the chart shows WMT stock is not yet oversold.