10 year retail bubble, brick and mortar stores pressured by AMZN, Wayfair finally tanking because we all know they can't make a profit, NKE profits have been declining for 3 years (yet for some reason the stock goes up anyways), UAA tanking, and now China tariffs.
Is the bubble finally over? If it is, then we're gonna see a recession next year.
Is the bubble finally over? If it is, then we're gonna see a recession next year.
Note
I'm not sure if it gets a bounce at the support at $38 level, but it sure looks like it's in trouble now. Short any rallies.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.