Walmart Slashes Profit Outlook

Walmart just warned that its future profit outlook will be much lower. What does this mean for the overall market in general?

(Walmart - afterhours drop on the news)

Does the recent rally have enough strength to absorb this news and hold onto the recent gains? Or is it the beginning of the next leg lower?

What do you think?

Thanks,

Mike - https://mikepairmoney.com