Costco Stock (COST)

* The cumulative or “stacked” inflation (since 2000) is weighing on the consumer sector * This, coupled with the shrinking savings rate, is critical to the outlook for equities given the role of consumer spending and the large swath of stocks dependent on the consumer… Combine the flatlining in real disposable income: With the dwindling …

Meanwhile, in the land of the consumer, CostCo ($COST) and Walmart ($WMT) making new lows as bond yields rise and bond prices drop. With earnings per share expectations likely to be taken lower, the equity risk premium’s discount expands. Positions: None.

Walmart’s ($WMT) shares have dropped from $135 to $113 since mid-May. Costco’s ($COST) shares have fallen from $1095 to $940. Positions: none.

When I was out yesterday I covered shorts in WMT, COST and CAT (for losses). Position: None

I have added to the following shorts: BXMT, CHGG, CZR, GRNY, JOET, MGM, MPTI, RICK, SNBR, WGO and WYNN. New shorts: FIGS, CAT, COST, CVNA and WMT. Position: Short all the above