This is interesting:

The Walmart Recession Signal has jumped to the highest level since the 2020 pandemic.

This is a recession indicator measured by Walmart's stock price, $WMT, divided by the S&P Global Luxury Index of luxury goods stocks.

The gauge has almost doubled this year, as $WMT has risen 83%, while the S&P Global Luxury Index has remained unchanged year-to-date.

In previous economic cycles, such a significant divergence signaled a recession was coming.

Is the US economy headed for a recession?