​Wayfair Execs Warn Home Goods Slowdown Mirrors 2008 GFC  – Tyler Durden

Wayfair Execs Warn Home Goods Slowdown Mirrors 2008 GFC  Increasing concerns over a US economic slowdown (or just a reminder a hard landing is still possible) triggered a broad selloff in global stocks overnight and into the US premarket session.  Investors’ anxieties soared late Thursday afternoon following dismal earnings reports from Amazon and Intel. Corporate earnings have so far indicated that US consumers are struggling, and it seems only a matter of time before Goldman Sachs advises clients to short stocks with the highest exposure to high-income consumers, already telling clients to short low- and mid-income consumer stocks in recent months.  Highlighting comments from Wayfair CEO Niraj Shah,…  — Continue at ZeroHedge News : Read More