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The Atlantis Report, 9/21/23
"Home Depot Is In Trouble Now, This Is A Warning"
"Home Depot is dealing with a major crisis, and the global leader in home improvement is in trouble. A company that has long been considered a barometer of the real estate market and the overall economy, is facing serious financial challenges in the last quarter of 2023. Home Depot boasts a storied history as a bellwether indicator for many industries. Over the years, it has consistently mirrored the pulse of the housing and construction industry as well.
What makes Home Depot particularly intriguing is its resilience in the face of adversity. Even during previous downturns, including the infamous Great Recession, Home Depot weathered the storm. Its ability to adapt and thrive during challenging financial times is somewhat of an anomaly. Yet, current indicators appear to deviate from historical patterns. Recent reports have shed light on a series of unfortunate events that Home Depot is currently grappling with. One of the most prominent red flags is the sharp decline in same-store sales experienced during Quarter Two. This downward trend marked Home Depot's third consecutive quarter of negative SSS growth."
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