Another sign that US consumers are swimming in problems ...Middle East

If you don't know Pool Corporation, it's one of the all-time great compounders. It specializes in swimming pool supplies, equipment and products, locking down the entire industry. It has been one of the top-20 US stocks for decades as it rode the wave of housing investment and a demographic shift to warmer climates.Today, however, it opened 11.3% lower in one of its worst performances ever. It's since trimmed that to 6.4% but it may be a sign of macro deterioration.In a release, the company said:"POOL has provided an update on the 2024 swimming pool season and revised its earnings guidance. The company reports a 6.5% decline in year-to-date net sales compared to 2023. Q2 2024 revenues missed

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Another sign that US consumers are swimming in problems ...Middle East

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