Article originally appeared on www.zerohedge.com.
The last time Target missed earnings this badly was in the summer of 2022.
That began a very weak period for stocks. The stock market and the bond market fell sharply through October of that year. Big tech stocks, like Netflix (NFLX) and Meta (META), fell 50%. It was the worst period for bonds in more than 40 years. Even hedge funds designed to protect investors, like Bridgewater Associates’ All-Weather fund, saw huge declines, down more than 20%.
The previous notable big earnings miss for Target was in the first quarter of 2015.
And, while most investors have forgotten, that miss too marked the beginning of a weak period for stocks and corporate bonds.
Peak-to-trough from early 2015 through early 2016, stocks fell 19% – just missing the official decline for a bear market. Even more notably, in 2015 …
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