More higher-income consumers are shopping at Walmart (NYSE: WMT) these days, indicating the growing pressure that rising interest rates, persistently high inflation, and elevated gas prices are having on the economy.

The retail giant recently reported its fourth-quarter earnings, and while they showed Walmart remains financially sound, it could portend a market downturn is coming. Because there is significant economic weakness, this report could be a yellow flag for what is on the horizon.

Image source: Getty Images.

Continue reading

Source Fool.com