The relative performance of Walmart versus S&P luxury retail index has reached the highest level in the past 20 years, a historically accurate recession indicator.
factualpending
Speaker
Jesse FelderEvidence Quote
“ratio between Walmart to the S&P luxury index is literally as high as it's been at any point in the past 20 years [16:07]”
Created: 8/11/2026, 1:31:35 AM
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