<div id="readability-page-1"><div>Increasing concerns over a US economic slowdown (or just a reminder a hard landing is still possible) triggered a broad selloff in global stocks overnight and into the US premarket session.Investors' anxieties soared late Thursday afternoonfollowing dismal earnings reports fromAmazon and Intel.Corporate earnings have so farindicated that US consumers are struggling, and it seems only a matter of time before Goldman Sachs advises clients to short stocks withthe highest exposure to high-income consumers, already telling clients to shortlow- and mid-income consumer stocks in recent months.Highlighting comments from Wayfair CEO Niraj Shah, an earnings press release on Thursday stated, &#34;Customers remain cautious in their spending on the home, and our credit card data suggests that the category correction now mirrors the magnitude of the peak to trough decline the home furnishing space experienced during the great financial crisis.&#34;In an interview with CNBC,Wayfair CFOKate Gulliver warned,&#34;We see declines that are similar to the declines that we saw in that 2008 to 2010 period and I think what that speaks to is that the category has been going through just a massive correction, a correction that we've previously only seen during a GDP recession.&#34;Gulliver continued, &#34;Obviously we're not technically in a GDP recession as a country right now, and so this is somewhat a unique thing to this category … we've seen that kind of recession-like correction in the category over the last few years.&#34;Separately, Goldman'sScott Feiler told clients this AM, &#34;The big topic all of a sudden the &#34;last few days&#34; is around the health of the consumer.&#34;Feiler said, &#34;The slowdown has broadened out and picked up further in June/July, led by a lot of bellwethers. That alone should not be a huge debate. The debate should be intensity and whether it's priced in.&#34;As forWayfair's second-quarter earnings report, Goldman'sEric Sheridan said, &#34;Wayfair produced disappointing topline results as revenue declined nearly -2% YoY with demand softening through the quarter despite a successful Way Day in early May (up DD% vs. 2023) as consumers proved increasingly price sensitive and pulled back further outside of promotional events.&#34;Sheridan said, &#34;We reiterate our Neutral rating and reduce our price target from $67 to $54 mainly from lower operating estimates.&#34;<img height="303" width="500" src="https://imageproxy.pbkrs.com/https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2024-08-02_08-53-32.png/query-aXRvaz1GaFRSQTdhZg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2024-08-02_08-53-32.png/query-aXRvaz1GaFRSQTdhZg"/>Meanwhile, darkening clouds continue to gather over the US economy following this AM's payroll report, which shows a big slowdown in employment and a higher unemployment rate, so much so that recession risks are rising.</div>Loading...</div>

Wayfair 高管警告稱，家居商品行業出現放緩，將其與 2008 年金融危機相提並論。由於對美國經濟放緩的擔憂以及亞馬遜和英特爾發佈的令人失望的收益報告，全球股市出現拋售潮。Wayfair 的首席財務官表示，消費者在家居商品上的支出下降與衰退期間類似，儘管該國並未處於 GDP 衰退中。高盛也強調消費者健康狀況是一個主要關注點

Wayfair Execs WarnHome Goods Slowdown Mirrors 2008 GFC