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Walmart is technically oversold, and deservedly so based on the fundamentals.
As investors ran away from equities earlier this year, Warren Buffett ran towards the market.
I do believe that the risk/reward proposition is starting to think about smiling favorably on Ford.
This week's earnings focus will be on the retailers with rivals such as Walmart and Target, as well as Home Depot and Lowe's reporting.
There are several reasons why the shares were trading higher.
Plus, a look at the box that the U.S. economy is in.
This morning's CPI print will certainly be this week's (month's) catalyst if there is to be a short-term rally in equities.
The US may very well escape recession this year, putting it off until early next year. Other global economies may not be so lucky.